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The country's retail gasoline and diesel prices will be lowered respectively by 75 yuan ($12.3) per ton, or 0.06 yuan per liter starting Friday, the National Development and Reform Commission announced Thursday.
Under the current pricing mechanism, domestic oil products prices will be adjusted every 10 working days if international crude prices change by over 50 yuan per ton.
China to lower retail fuel prices
2013-09-30China announces pricing policy for fuel upgrade
2013-09-24China to raise retail fuel prices
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