{"id":44388,"date":"2022-08-09T13:18:10","date_gmt":"2022-08-09T13:18:10","guid":{"rendered":"https:\/\/thefreezonechannel.com\/?p=44388"},"modified":"2022-08-09T13:18:14","modified_gmt":"2022-08-09T13:18:14","slug":"china-to-cut-gasoline-diesel-retail-prices","status":"publish","type":"post","link":"https:\/\/thefreezonechannel.com\/old\/china-to-cut-gasoline-diesel-retail-prices\/","title":{"rendered":"China to cut gasoline, diesel retail prices"},"content":{"rendered":"<p>China will cut the retail prices of gasoline and diesel on Wednesday, the country\u2019s top economic planner announced on Tuesday.<\/p>\n\n\n\n<p>The prices will go down by 130 yuan (19 U.S. dollars) per tonne and 125 yuan per tonne, respectively, according to the National Development and Reform Commission (NDRC).<\/p>\n\n\n\n<p>It is the fifth reduction in gasoline and diesel prices this year and the fourth in a row since June 28.<\/p>\n\n\n\n<p>The NDRC said the adjustment would further reduce the traveling cost of vehicles and the transportation cost for the logistics sector.<\/p>\n\n\n\n<p>Under the current pricing mechanism, if international crude oil prices changed by more than 50 yuan per tonne and remained at that level for 10 working days, the prices of refined oil products such as gasoline and diesel in China would be adjusted accordingly.<\/p>\n\n\n\n<p>The NDRC said China\u2019s three biggest oil companies, namely China National Petroleum Corporation, China Petrochemical Corporation, China National Offshore Oil Corporation, and other oil processing companies, should maintain oil production and facilitate transportation to ensure stable supplies.<\/p>\n\n\n\n<p>International oil prices would&nbsp; likely remain weak in the short term, according to the price monitoring center of the NDRC.<\/p>\n\n<!--themify_builder_content-->\n<div id=\"themify_builder_content-44388\" data-postid=\"44388\" class=\"themify_builder_content themify_builder_content-44388 themify_builder tf_clear\">\n    <\/div>\n<!--\/themify_builder_content-->","protected":false},"excerpt":{"rendered":"<p>China will cut the retail prices of gasoline and diesel on Wednesday, the country\u2019s top economic planner announced on Tuesday. The prices will go down by 130 yuan (19 U.S. dollars) per tonne and 125 yuan per tonne, respectively, according to the National Development and Reform Commission (NDRC). It is the fifth reduction in gasoline [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":24388,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1366,949,241,908],"tags":[140],"class_list":["post-44388","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-economy","category-foreign","category-oil-gas","tag-china","has-post-title","has-post-date","has-post-category","has-post-tag","has-post-comment","has-post-author",""],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>China to cut gasoline, diesel retail prices - The Freezone Channel<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/thefreezonechannel.com\/old\/china-to-cut-gasoline-diesel-retail-prices\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"China to cut gasoline, diesel retail prices - The Freezone Channel\" \/>\n<meta property=\"og:description\" content=\"China will cut the retail prices of gasoline and diesel on Wednesday, the country\u2019s top economic planner announced on Tuesday. 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