Gas prices are on the rise in China for the first time this year.
 
Gasoline is going up $48 or 300 yuan a metric ton. Diesel is going up 290 yuan, or around $46 dollars.
 
At the pump, it means gas will now cost around $4.55 a US gallon.
 
The price rise is set by the National Development and Reform Commission, and took effect on Monday.

The Commission adjusts gas prices when there's a price change of more than four percent.
 
The increase is likely going to be passed down the supply chain, pushing up costs for consumers. This could potentially drive up inflation—something Chinese regulators have been trying to avoid.
 
The last price increase came last September, when diesel and gasoline went up by more than $80 a ton. It was lowered again November by around $32 a ton.