China's weekly product oil price index declined 0.37 percent week on week to 639.28 in the week ending October 28, according to the Xinhua (Daqing) International Petroleum Information Center.
The average price of 93# gasoline decreased 21 yuan to 6,393 yuan per tonne while that of 0# diesel lost 22 yuan to 5,395 yuan per tonne.
Domestic product oil prices are possibly to see further decrease as partial product oil vendors offer more promotions to meet monthly sales targets, said Jiang Bing, an analyst with Xinhua (Daqing) International Petroleum Information Center.
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