China's fuel price hike raises concerns about inflation

http://www.bbc.co.uk/news/business-12520643

With the rise of international oil prices, China is trying to balance the domestic cost of oil. Demand is exceeding supply, particularly with low prices. They are raising the cost of oil in attempts to slow demand for fuel. However, the rise in prices worries many, as it may create an increase in transportation cost and other commodities.