China to cut gasoline, diesel prices on Friday

China will lower gasoline and diesel retail prices on Friday in response to international oil price fluctuations. The National Development and Reform Commission (NDRC) announced a 100 yuan ($ 14.09) per ton reduction for both fuels.

China National Petroleum Corporation, China Petrochemical Corporation, and China National Offshore Oil Corporation, along with other oil processing companies, are expected to maintain oil production and ensure stable supplies.

Attribution: Xinhua

Subediting: Y.Yasser