App

China raises retail fuel prices
Updated: November 4, 2019 18:19 Xinhua

BEIJING — China will raise the retail prices of gasoline and diesel from Nov 5, the country's top economic planner said on Nov 4.

Based on recent changes in international oil prices, the retail prices of gasoline and diesel will both be lifted by 105 yuan (about $14.9), according to the National Development and Reform Commission.

Under the current pricing mechanism, if international crude oil prices change by more than 50 yuan per metric ton and remain at that level for 10 working days, the prices of refined oil products such as gasoline and diesel in China will be adjusted accordingly.

China's three biggest oil companies, namely China National Petroleum Corporation, China Petrochemical Corporation and China National Offshore Oil Corporation, have been asked to maintain oil production and facilitate transportation to ensure stable supplies.

The economic planner said it would closely monitor the effects of the current pricing mechanism and make improvements in response to global fluctuations.

Copyright© www.gov.cn | About us | Contact us

Website Identification Code bm01000001 Registration Number: 05070218

All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to www.gov.cn.

Without written authorization from www.gov.cn, such content shall not be republished or used in any form.

Mobile

Desktop

Copyright© www.gov.cn | Contact us

Website Identification Code bm01000001

Registration Number: 05070218