China cuts fuel prices again

China has reduced its gasoline and diesel prices for the third consecutive time since the beginning of the month, marking the largest decrease in six years, in line with the decline in global oil prices. The reduction includes approximately 950 yuan per ton for gasoline and 915 yuan per ton for diesel, according to the National Development and Reform Commission. This comes as part of a pricing mechanism that lowers prices every ten working days, with the Commission emphasizing its commitment to ensuring fuel supply stability and adhering to localization and pricing policies.

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