China to cut domestic retail gasoline, diesel prices from July 4

China will cut domestic retail price caps on gasoline and diesel from Saturday, marking the sharpest single reduction this year and the third consecutive drop in retail fuel costs, the country's top economic planner announced.

Retail gasoline and diesel ceiling prices will fall by 950 yuan (HK$1,098.77) and 915 yuan per metric ton respectively, the National Development and Reform Commission said in a notice.

Reuters

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