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An attendant refuels a car at a gas station in Xuyi County, east China's Jiangsu Province, on April 24. China cut the retail price of gasoline by 395 yuan ($63.91) per ton and diesel by 400 yuan ($64.72) per ton on April 25, the biggest cut in nine months. The fuel price adjustment came after the National Development and Reform Commission, the country's top economic planner, introduced a new pricing mechanism in the domestic market to track changes in global oil prices much faster than before (ZHOU HAIJUN) |
