国内英语资讯:China cuts retail fuel prices
<p><span word="BEIJING">BEIJING</span>, <span word="Nov">Nov</span>. 16-- <span word="China">China</span> <span word="will">will</span> <span word="cut">cut</span> <span word="the">the</span> <span word="retail">retail</span> <span word="prices">prices</span> <span word="of">of</span> <span word="gasoline">gasoline</span> <span word="and">and</span> <span word="diesel">diesel</span> <span word="starting">starting</span> <span word="Saturday">Saturday</span>, <span word="the">the</span> <span word="largest">largest</span> <span word="drop">drop</span> <span word="in">in</span> <span word="nearly">nearly</span> <span word="four">four</span> <span word="years">years</span>, <span word="the">the</span> <span word="country">country</span>'<span word="s">s</span> <span word="top">top</span> <span word="economic">economic</span> <span word="planner">planner</span> <span word="said">said</span> <span word="Friday">Friday</span>.</p><p><span word="Based">Based</span> <span word="on">on</span> <span word="changes">changes</span> <span word="in">in</span> <span word="international">international</span> <span word="oil">oil</span> <span word="prices">prices</span>, <span word="the">the</span> <span word="retail">retail</span> <span word="prices">prices</span> <span word="of">of</span> <span word="gasoline">gasoline</span> <span word="and">and</span> <span word="diesel">diesel</span> <span word="will">will</span> <span word="be">be</span> <span word="cut">cut</span> <span word="by">by</span> 510 <span word="yuan">yuan</span> (<span word="about">about</span> 73.5 <span word="U">U</span>.<span word="S">S</span>. <span word="dollars">dollars</span>) <span word="and">and</span> 490 <span word="yuan">yuan</span> <span word="per">per</span> <span word="tonne">tonne</span>, <span word="respectively">respectively</span>, <span word="according">according</span> <span word="to">to</span> <span word="the">the</span> <span word="National">National</span> <span word="Development">Development</span> <span word="and">and</span> <span word="Reform">Reform</span> <span word="Commission">Commission</span> (<span word="NDRC">NDRC</span>).</p><p><span word="Under">Under</span> <span word="the">the</span> <span word="current">current</span> <span word="pricing">pricing</span> <span word="mechanism">mechanism</span>, <span word="if">if</span> <span word="international">international</span> <span word="crude">crude</span> <span word="oil">oil</span> <span word="prices">prices</span> <span word="change">change</span> <span word="by">by</span> <span word="more">more</span> <span word="than">than</span> 50 <span word="yuan">yuan</span> <span word="per">per</span> <span word="tonne">tonne</span> <span word="and">and</span> <span word="remain">remain</span> <span word="at">at</span> <span word="that">that</span> <span word="level">level</span> <span word="for">for</span> 10 <span word="working">working</span> <span word="days">days</span>, <span word="the">the</span> <span word="prices">prices</span> <span word="of">of</span> <span word="refined">refined</span> <span word="oil">oil</span> <span word="products">products</span> <span word="such">such</span> <span word="as">as</span> <span word="gasoline">gasoline</span> <span word="and">and</span> <span word="diesel">diesel</span> <span word="in">in</span> <span word="China">China</span> <span word="will">will</span> <span word="be">be</span> <span word="adjusted">adjusted</span> <span word="accordingly">accordingly</span>.</p><p><span word="International">International</span> <span word="oil">oil</span> <span word="prices">prices</span> <span word="have">have</span> <span word="fallen">fallen</span> <span word="due">due</span> <span word="to">to</span> <span word="factors">factors</span> <span word="including">including</span> <span word="increased">increased</span> <span word="production">production</span> <span word="from">from</span> <span word="Saudi">Saudi</span> <span word="Arabia">Arabia</span>, <span word="higher">higher</span> <span word="than">than</span> <span word="expected">expected</span> <span word="growth">growth</span> <span word="of">of</span> <span word="U">U</span>.<span word="S">S</span>. <span word="stockpile">stockpile</span>, <span word="eased">eased</span> <span word="U">U</span>.<span word="S">S</span>. <span word="sanctions">sanctions</span> <span word="against">against</span> <span word="Iran">Iran</span>, <span word="and">and</span> <span word="expectations">expectations</span> <span word="of">of</span> <span word="falling">falling</span> <span word="demand">demand</span>, <span word="according">according</span> <span word="to">to</span> <span word="the">the</span> <span word="NDRC">NDRC</span> <span word="price">price</span> <span word="monitoring">monitoring</span> <span word="center">center</span>.</p><p><span word="The">The</span> <span word="NDRC">NDRC</span> <span word="has">has</span> <span word="asked">asked</span> <span word="major">major</span> <span word="Chinese">Chinese</span> <span word="oil">oil</span> <span word="companies">companies</span>, <span word="including">including</span> <span word="China">China</span> <span word="National">National</span> <span word="Petroleum">Petroleum</span>, <span word="China">China</span> <span word="Petrochemical">Petrochemical</span> <span word="and">and</span> <span word="China">China</span> <span word="National">National</span> <span word="Offshore">Offshore</span> <span word="Oil">Oil</span>, <span word="to">to</span> <span word="ensure">ensure</span> <span word="a">a</span> <span word="stable">stable</span> <span word="supply">supply</span> <span word="and">and</span> <span word="implement">implement</span> <span word="the">the</span> <span word="pricing">pricing</span> <span word="policy">policy</span>.</p><p><span word="The">The</span> <span word="economic">economic</span> <span word="planner">planner</span> <span word="said">said</span> <span word="it">it</span> <span word="would">would</span> <span word="closely">closely</span> <span word="monitor">monitor</span> <span word="the">the</span> <span word="effects">effects</span> <span word="of">of</span> <span word="the">the</span> <span word="current">current</span> <span word="pricing">pricing</span> <span word="mechanism">mechanism</span> <span word="and">and</span> <span word="make">make</span> <span word="improvements">improvements</span> <span word="in">in</span> <span word="response">response</span> <span word="to">to</span> <span word="global">global</span> <span word="fluctuations">fluctuations</span>.</p>
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