Mainland China will lower the prices of refined oil starting from midnight tonight

The Price Department of the National Development and Reform Commission stated that the international oil prices have recently fluctuated. Based on the average prices of the last 10 working days compared to the average prices of the previous 10 working days before the last price adjustment, according to the current refined oil price mechanism, starting from midnight tonight, the prices of gasoline and diesel in the mainland will be reduced by 170 yuan (the same below) and 165 yuan per ton, respectively.

According to CCTV reports, on average nationwide, the price of 92-octane gasoline will be reduced by 0.13 yuan per liter, 95-octane gasoline by 0.14 yuan per liter, and 0-diesel by 0.14 yuan per liter. For 92-octane gasoline, filling a 50-liter tank will save 6.5 yuan.

The National Development and Reform Commission indicated that the three major companies, China National Petroleum Corporation, Sinopec, and CNOOC, along with other crude oil processing enterprises, should organize refined oil production and transportation to ensure stable market supply and strictly implement national price policies. Relevant departments in various regions should strengthen market supervision and inspection efforts, severely punish behaviors that do not comply with national price policies, and maintain normal market order