Briefly

China cuts retail prices of gasoline, diesel

China lowered retail prices of gasoline and diesel on Wednesday, based on recent changes in international oil prices. Gasoline prices will be reduced by 55 yuan ($7.7) per metric ton, and diesel prices by 50 yuan per ton, according to the National Development and Reform Commission. Under the current pricing mechanism, prices of refined oil products are adjusted following changes in international crude oil prices.

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