05 July 2013 10:22 [Source: ICIS news]
SINGAPORE (ICIS)--China will trim prices of domestic fuel by yuan (CNY) 75-80/tonne ($12-13/tonne) from 6 July, the country's National Development and Reform Commission (NDRC) said on Friday.
The national average retail price of 90-Ron gasoline will fall by CNY80/tonn to CNY8,945/tonne, while zero pour point diesel will be priced at CNY8,135/tonne, down by CNY75/tonne, the NDRC said.
China adjusts its gasoline and diesel prices every 10 working days based on prices of a basket of international crude. But fuel prices would not be adjusted if the changes are less than CNY50/tonne.
($1 = CNY6.13)
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