Domestic gasoline and diesel prices increased

China | 12 Apr 2019 7:12 pm

China will raise the retail prices of gasoline and diesel starting tomorrow, the top economic planner said today, Xinhua reports.

Based on changes in international oil prices, the retail prices of gasoline and diesel will be raised by 155 yuan and 150 yuan per ton respectively, 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 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.

The NDRC has demanded that major oil companies, including China National Petroleum Corporation, China Petrochemical Corporation, and China National Offshore Oil Corporation, should work to ensure a stable supply and implement the pricing policy.

 

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