May 11, 2017 / 9:11 AM / 4 months ago

China cuts retail gasoline, diesel prices - state planner

BEIJING, May 11 (Reuters) - China’s state planner will lower gasoline retail prices by 250 yuan ($36.22) per tonne and diesel fuel by 235 yuan per tonne from Friday, the National Development and Reform Commission said in a statement on its website on Thursday.

The decrease is the fourth and the biggest so far this year as crude oil prices continued to drift lower. ($1 = 6.9023 Chinese yuan renminbi) (Reporting by Beijing Monitoring Desk; Editing by Christian Schmollinger)

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