Fuel prices set for further cuts

Global market weakness could lead to further reductions, say industry experts

Retail fuel prices are expected to be cut for a ninth consecutive time since July on Saturday as the government reacts to declining international crude prices, industry sources said on Thursday.

Retail gasoline prices will drop 190 yuan ($30) a metric ton and diesel prices will fall 210 yuan a ton, according to Shandong-based Longzhong Information Technology Co.