Fuel prices to be cut on Saturday

More reductions likely in 2015 as international crude levels fall

The continued fall in global crude oil prices has triggered another cut in domestic retail fuel prices, with the nation's top economic planning agency saying that the revised prices will come into effect on Saturday.

According to the National Development and Reform Commission, China will cut retail gasoline prices by 520 yuan ($83.6) a metric ton, or 0.4 yuan for each liter and for diesel by 500 yuan a ton, or 0.43 yuan a liter.