ICYMI – China will cut the retail prices of gasoline and diesel on Friday (i.e. today) | Forexlive

The National Development and Reform Commission of the People’s Republic of China (NDRC) is China’s ‘state planner’.

The NDRC has announced a measure that should serve as a form of stimulus:

• Gasoline and diesel prices will both be reduced by 100 yuan per tonne

This is not a surprise from the NDRC, under the current pricing mechanism, prices of refined oil products are adjusted in accordance with changes in international crude oil prices.