Reuters ahead with news of China’s first fuel price cut in two months

Reuters was hours ahead on Sept 29 to report that China was cutting fuel prices for the first time in two months just ahead of a major national holiday, news that would trim refiners’ margins but likely give a small boost to consumer confidence and fuel demand. With unrivalled industry and government contacts, Reuters reported at midday that a cut was imminent, a full 5 minutes ahead in quoting the China News service when the reduction was formalized later in the day