China Cuts Fuel Prices ...Middle East

OILPRICE - Economy
China Cuts Fuel Prices
source : OILPRICE ( Middle East ) () 79
China’s central economic planner has announced cuts to gasoline and diesel prices, set to take effect today, following the price rout in international crude oil. Starting today, a ton of gasoline will cost some $66 less, the National Development and Reform Commission said, as quoted by Xinhua. A ton of diesel will cost $64 less. The state-owned oil and gas majors CNPC, Sinopec, and CNOOC have been directed to ensure an adequate supply of the most used fuels, the report noted, along with smaller refineries. Oil prices have taken a dive amid…

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