A price board with arrows indicating falling fuel prices is seen as an employee fills the tank of a car at a PetroChina gas station in Hangzhou, Zhejiang province on March 26.

China will cut retail diesel and gasoline prices from Wednesday, according to the National Development and Reform Commision. The ceiling for retail gasoline prices would be cut by 310 yuan ($49.91) per tonne, while diesel prices would fall by 300 yuan per tonne, the NDRC said on Tuesday. Reuters/China Daily