The Fujian Price Bureau reduced the retail prices of gasoline and diesel on Jan 26.

Maximum prices of No.93 and No.97 gasoline now stand at 5.62 and 6.31 yuan per liter, down by 0.14 and 0.15 yuan. No.0 diesel is a maximum of 5.53 yuan per liter, 0.2 yuan less than before.

The wholesales prices of No.93, and No.97 gasoline and No.0 diesel also declined to 7,149 yuan, 7,572 yuan and 5,775 yuan per ton, said the Bureau.

The price adjustments came after an announcement by the National Development and Reform Commission earlier the same day.

It is the 13th consecutive fall in the price of petroleum products since July last year, with gasoline and diesel respectively selling for 2,750 yuan and 2,935 yuan per ton cheaper than six months ago.

Experts predict the downward trend will continue.