BUSINESS China cuts gasoline prices starting Saturday


China cuts gasoline prices starting Saturday

Global Times

14:03, June 10, 2018

From Saturday, the retail price of gasoline will be cut by 130 yuan ($20.3) a ton and diesel by 125 yuan a ton, the National Reform and Development Commission announced on Friday.


The first-phase natural gas pipeline system between Zunyi, a city of Southwest China's Guizhou Province, and Hezhang county, in Guizhou's Bijie city, gets fired up. The system is a key part of the 514.4-kilometer natural gas pipeline project across Bijie city. Upon completion of the whole project, with an investment of 2 billion yuan ($312.3 million), industries and Bijie's 9 million residents will finally be able to enjoy pipeline gas. (Photo: VCG)

China will cut the price of gasoline to between 7.2 and 7.4 yuan a liter for 92-octane and the price of diesel to below 7 yuan in most cities, China Central Television (CCTV) reported.

For a car with a 50-liter fuel tank, a full tank of 92-octane gasoline will come in about 5 yuan cheaper.

The next adjustment opportunity will come on June 25, with oil prices likely to remain unchanged or slightly rise, CCTV reported, citing Li Yan, an industry analyst at

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