New Tax Offsets Second Cut in Gas Prices in November

(Beijing) – China's drivers got one break when paying for gas in November, but two was just too much to ask for.

The National Development and Reform Commission (NDRC), the country's top economic planner, cut prices for gas and diesel on November 14 because the prices of two international benchmarks for crude oil had fallen over the 10 previous workdays, and a second cut was expected on November 28 because prices abroad continued to fall.