China slashed the prices of gasoline by 170 yuan per ton and diesel by 160 yuan per ton on Thursday, according to the country's National Development and Reform Commission.
The country's oil industry is dominated by PetroChina (HKG:0857, SHA:601857), China Petroleum and Chemical Corp. or Sinopec (SHA:600028, HKG:0386) and CNOOC (HKG:0883, SHA:600938).
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