China cuts retail gasoline prices 5.5% to reflect cheaper oil and boost the economy

Monday, June 11th 2012 - 19:44 UTC

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China, the world's second-biggest oil user, will reduce gasoline and diesel prices by the most since 2008 after global crude costs slumped. State-controlled retail gasoline prices will fall by 530 Yuan (83 dollars) a metric ton and diesel will be cut by 510 Yuan, the National Development and Reform Commission, NDRC, the nation's top economic planner, said on its website last week. Read full article

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AmericanLight
Is that US Gallon or UK gallon?
How much is the fuel? If 24 cents were a 5.5 pct cut Then 1 US Gallon would be 4.36... Is this regular (87 Oct), Premium (89 oct) or Premium (91 oct).... It s way more than here with 3.05.....
Jun 12th, 2012 - 01:50 am - Link - Report abuse 0
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