China to cut gasoline, diesel retail prices


BEIJING, Oct. 13 (Xinhua) -- China will reduce its retail prices of gasoline and diesel on Tuesday to reflect recent changes in international oil prices, the country's top economic planner said on Monday.

Gasoline prices will be cut by 75 yuan (about 10.56 U.S. dollars) per tonne, while diesel prices drop by 70 yuan per tonne, according to the National Development and Reform Commission (NDRC).

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