LINE

Text:AAAPrint
Economy

NDRC cuts fuel prices

1
2015-06-09 09:18Global Times Editor: Li Yan

China cut domestic prices for gasoline and diesel on Monday because of an oil price drop in the global crude oil market.

Retail prices will be reduced by 110 yuan ($16) per ton for gasoline and 105 yuan per ton for diesel, the National Development and Reform Commission (NDRC) said on its website on Monday, noting that the price cut comes into effect on Tuesday.

That means most private car drivers in China can save around 4 yuan when filling up a standard 50-litre fuel tank.

According to China's oil pricing mechanism, the price can be changed every 10 working days should there be a substantial change in the global market price.

The NDRC has reduced oil prices four times and raised them five times this year, tracking changes in international crude oil prices.

Related news

MorePhoto

Most popular in 24h

MoreTop news

MoreVideo

News
Politics
Business
Society
Culture
Military
Sci-tech
Entertainment
Sports
Odd
Features
Biz
Economy
Travel
Travel News
Travel Types
Events
Food
Hotel
Bar & Club
Architecture
Gallery
Photo
CNS Photo
Video
Video
Learning Chinese
Learn About China
Social Chinese
Business Chinese
Buzz Words
Bilingual
Resources
ECNS Wire
Special Coverage
Infographics
Voices
LINE
Back to top Links | About Us | Jobs | Contact Us | Privacy Policy
Copyright ©1999-2018 Chinanews.com. All rights reserved.
Reproduction in whole or in part without permission is prohibited.