Starting from the 8th, China's gasoline and diesel (standard products) prices will be raised by 800 yuan (470 ringgit) and 770 yuan (453 ringgit) per ton respectively. After regulation, the actual increases are 420 yuan (247 ringgit) and 400 yuan (235 ringgit) per ton.
The National Development and Reform Commission (NDRC) announced on the 7th that since the adjustment of China's refined oil prices on March 23, international crude oil prices have fluctuated sharply. To mitigate the impact of rising international oil prices, the country continues to implement regulatory measures for refined oil prices. According to the refined oil price mechanism, the prices of gasoline and diesel (standard products) per ton will be raised starting at midnight on Tuesday.
The NDRC urges PetroChina, Sinopec, CNOOC and other crude oil refining enterprises to organize the production and distribution of refined oil products, ensure stable market supply, and strictly implement the country’s price policies. Relevant local departments should step up market supervision and inspection, strictly punish behaviors that do not comply with national pricing policies, and maintain normal market order.