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Beijing

Some natural gas prices reduced

China's top economic planner announced on Wednesday a cut in wholesale prices of nonresidential natural gas. From Nov 20, prices at city gate stations - local distributors selling gas from major pipeline operators - will be cut by 700 yuan ($110) per thousand cubic meters, according to the National Development and Reform Commission. The industry will be allowed to raise gas prices by 20 percent based on supply and demand after the reduction.