Off the wire
• Singapore stocks close 0.50 pct higher  • Roundup: Roch Marc Christian Kabore wins Burkina Faso's presidential poll  • Roundup: Japan whaling fleet heads to Antarctic to hunt amid criticism from int'l community  • News analysis: Ukraine's free trade deal with EU sparks controversy over impact on economy  • 1st Ld-Writethru: Chinese shares close higher Tuesday  • China invests big in modern agriculture  • Students kept indoors in smog-bound Beijing  • First BRICS Media Summit ends with declaration  • China imposes anti-dumping duties on MMA imports  • Spotlight: Latin-American countries expand common ground to secure climate deal amid divisions  
You are here: 　 Home

China cuts retail fuel prices

Xinhua, December 1, 2015 Adjust font size:

China will cut the retail price of gasoline and diesel from Wednesday, tracking a slide in global crude prices.

On Tuesday, the National Development and Reform Commission (NDRC), the nation's top economic planner, announced gasoline prices will drop by 145 yuan (22.67 U.S. dollars) while diesel prices will be cut by 140 yuan per tonne, or 0.11 yuan per liter for 90# gasoline and 0.12 yuan per liter for 0# diesel.

The decrease marks the 12th cut in benchmark product oil prices this year.

Under an oil pricing policy in place since the start of 2013, the NDRC can adjust the price every 10 working days based on changes in the global market, should the change be more than 50 yuan per tonne. Endi