China will cut retail prices of gasoline by 520 yuan ($84) per tonne and for diesel by 500 yuan ($81) per tonne from Saturday because of falling international oil prices, the central government's powerful economic planning agency said on Friday, in the tenth consecutive cut since July.
The National Development and Reform Commission (NDRC), which can adjust the price ceilings on a biweekly basis, posted the statement on its website.
Authorities have also raised consumptions taxes on oil products such as gasoline and diesel twice this month. China started a new fuel pricing system in March of last year with a closer link to the global price of crude oil.
The following table shows a history of China's fuel price changes starting 2013. The prices listed are retail ceilings - companies are allowed to charge less, but not more.
Gasoline prices are of benchmark 90-octane grade, though most of the grades sold in Chinese cities are of 93-octane or higher.
The new prices in the table are mostly national averages. Each Chinese province has slightly varying ceiling prices.
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