Wed, 11 Jul 2012 08:48:04 GMT
China reduces retail fuel price following demand drop
China's 5% cut in retail oil prices has caused an immediate effect. Gas prices will be diminished by CNY420 a tonne, diesel prices by CNY400, according to the National Development and Reform Commission. This is already a third cut in a period of two months which has lead to the lowest inflation in almost two years (latest CPI figure rose