China lowers petrol prices

China is lowering prices of petrol and diesel at the pump for the first time since the Iran war started to reflect changes in global oil markets, according to the National Development and Reform Commission. The commission, which acts as China's top economic planner, sets petrol prices every 10 working days, based on international crude oil figures. The price drop will save drivers about $3 (£2.22) to fill a 50-litre tank of 92-octane petrol. Beijing has raised the maximum retail prices for petro