BEIJING - China's top economic planner announced on Monday the cuts in the retail price of kby 105 yuan ($17.02) per ton and that of diesel by 100 yuan.
The adjustment, to be effective on Tuesday, means benchmark retail prices will drop to 8,440 yuan per ton for gas and 7,335 yuan per ton for diesel, according to the National Development and Reform Commission.
It is the seventh time that retail oil prices have been cut this year. The last cut came on Aug 18.
A pricing regime that came into effect last year adjusts domestic fuel prices when international crude prices change by more than 50 yuan per ton for 10 working days.
|
 |
 |
| China, Russia to start construction of joint gas pipeline | Weak demand for refined oil, gas hits CNOOC, PetroChina |
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263 Registration Number: 20100000002731 
