China to cut retail price of gasoline and diesel from Wednesday

An employee fuels up a car at a gas station in Baoding, north China's Hebei Province, Aug. 4, 2015. China announced Tuesday that it will cut the retail price of gasoline and diesel from Wednesday. The National Development and Reform Commission (NDRC), the nation's top economic planner, said retail prices of gasoline will fall by 220 yuan (33.58 U.S. dollars) yuan per tonne (or 0.16 yuan per liter). Prices of diesel will fall by 215 yuan per tonne (or 0.18 yuan per liter). (Xinhua/Zhu Xudong)