The website of China's National Development and Reform Commission (NDRC) announced that due to the continuous retreat of international crude oil prices in recent period, the State decided to reduce the gasoline and diesel prices (retail price and ex-works price) by RMB 140 and RMB 160 per ton respectively. The last time NDRC adjusted domestic refined oil prices was December 19, 2008, when it reduced the gasoline and diesel ex-works prices by RMB 900 and RMB 1100 per ton respectively.