Government agencies this week discussed ways to change the prices of oil products including lowering prices at the pump and restructuring fuel taxes and fees.

As international oil prices plunge, China's domestic oil prices are also loosening up.

Many gas stations have begun offering discounts.

Sinopec gas stations in Guangzhou are giving customers a discount of up to 0.2 yuan per liter with one Petro China station offering a 0.4 yuan discount on diesel fuel.