China will probably cut domestic prices for gasoline and diesel on Monday due to drops in global crude prices.

　　Retail prices will be reduced by over 100 yuan ($16) per ton, according to Xinhua's oil price system. If confirmed, it would be the first cut since the end of March and the fourth one this year.

　　An announcement from the National Development and Reform Commission is expected Monday.

　　According to China's oil ­pricing mechanism, the price can be changed every 10 working days should there be a substantial change in the global market price.