China has sharply reduced retail prices for gasoline and diesel fuel for the second time in a row

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In China, retail fuel prices for automobiles have been reduced for the second time. This time, the decline was the maximum in almost 4 years. Xinhua news agency announced a decision taken by the National for Development and Reform Commission of China, according to which, the price of a ton of gasoline was reduced by 510 yuan, diesel fuel - by 490 yuan. China has a system that assumes every 10 days a revision of the price of petroleum products in the Chinese market, based on data on the reduction or increase in oil prices in the world. When the amplitude of fluctuations of quotations in the global market rises above 50 yuan per ton, then the price of fuel for cars in the country is revised.

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