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China Daily Website

China to cut benchmark retail fuel prices

Updated: 2012-07-10 17:44
By Lan Lan (

BEIJING - China will cut its retail gasoline and diesel-fuel prices on Wednesday, the third cuts since May.

The coming cut will be 420 yuan ($66.46) and 400 yuan a metric ton, the National Development and Reform Commission, China's top economic planner, announced on Tuesday.

The cut follows the trading state of the international market on Brent, Cinta and Dubai oil prices, said officials with the NDRC.