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OIL PRODUCTS: China Cuts Diesel & Gasoline Prices by 100 y/mt

OIL PRODUCTS

China will cut retail diesel and gasoline prices from Sep. 6, according to Xinhua.

  • Gasoline and diesel prices will both be reduced by 100 y/mt (~$14.09/mt), the NDRC said.
  • China adjusts its domestic retail prices according to changes in international crude prices.

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