The Business Times
The Business Times
Subscribe
Share on FacebookShare on TwitterView more
The Business Times
Create a free account with Business Times for seamless access across SPH Media products.
REGISTER
LOGIN

Companies & Markets

China to cut retail price of gasoline and diesel

Published Mon, Jan 26, 2015 · 09:30 AM
Share this article.

[BEIJING] China will cut retail prices for gasoline by 365 yuan (US$58) per tonne and for diesel by 350 yuan (US$56) per tonne from Tuesday as world oil prices fall, the country's powerful economic planning agency said on Monday, the latest in a string of cuts that started in July 2014.

The National Development and Reform Commission (NDRC) can adjust the price ceilings for fuel on a bi-weekly basis, under a pricing system in effect since March 2013 that creates a closer link to the global price of crude oil.

REUTERS

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Energy & Commodities

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here