China cuts retail oil pricesStaff writer ▼ | September 30, 2014
China's top economic planner announced cuts in the retail price of gasoline by 100 yuan per tonne ($16.25) and that of diesel by 95 yuan.
Good news Gasoline to cost less in China
The cut has marked the fifth consecutive drop in oil prices.
A pricing regime that came into effect last year adjusts domestic fuel prices when international crude prices change by more than 50 yuan per tonne for 10 working days. ■