China’s National Development and Reform Commission said Wednesday that it will cut the retail price of gasoline by 365 yuan per ton and diesel by 355 yuan per ton from Thursday.

The cuts would be the fifth since the NDRC introduced a new pricing mechanism in January and are the biggest since January 2015.

A staff member refills a car at a gas station in Xi'an, capital of northwest China's Shaanxi Province, Nov. 16, 2016. China will lower retail prices of gasoline and diesel due to falling international crude prices, the top economic planner announced on Wednesday. The National Development and Reform Commission (NDRC) announced that gasoline prices will be cut by 365 yuan (about 53.7 U.S. dollars) per tonne and diesel prices by 355 yuan per tonne from Thursday, the largest reduction this year. (Xinhua/Li Yibo)