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China to cut retail prices of gasoline, diesel
China will cut the retail prices of gasoline and diesel on Thursday, based on recent changes in international oil prices, the country's top economic planner said on Wednesday. Gasoline prices will be reduced by 235 yuan (about 33 U.S. dollars) per tonne and diesel prices by 225 yuan per tonne, the National Development and Reform Commission (NDRC) said. Under the current pricing mechanism, prices of refined oil products are adjusted in accordance with changes in international crude oil prices. China's three biggest oil companies -- the China National Petroleum Corporation, the China Petrochemical Corporation and the ... (full story)
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- Posted: May 16, 2024 1:06am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 215
