China cuts fuel prices again
(AGI) Beijing, Dec 2 - China cut fuel prices again onWednesday, due to the continuing depreciation of crude oil. TheNational Development and Reform Commission decided to cutpetrol prices by 145 yuan (22.65 US dollars) per tonne (0.11yuan per litre) and 140 yuan (21.87 dollars) for diesel,equivalent to 0.12 yuan per litre. This was the 12th cut infuel prices this year. The only increase came in September lastyear, driven according to the Chinese government planningagency, by the recovery of the U.S. economy and the weakdollar. Based on the mechanism used since March