INSUBCONTINENT EXCLUSIVE:
China will reduce the retail prices of gasoline and diesel on Tuesday to reflect recent changes in international oil prices, the country's
top economic planner said Monday.Gasoline prices will be slashed by 230 yuan (about $32) per tonne and diesel prices by 220 yuan per tonne,
according to the National Development and Reform Commission (NDRC).China's three biggest oil companies – China National Petroleum
Corporation, China Petrochemical Corporation, and China National Offshore Oil Corporation – as well as other oil refineries, have been
directed to effectively organize the production and transportation of refined oil products to ensure stable supply.Under the current pricing
mechanism, prices of refined oil products are adjusted in accordance with changes in international crude oil prices.Relevant departments in
various regions should intensify market supervision and inspection efforts
Additionally, they should implement strict measures to crack down on activities that violate national price policies to ensure market order,
