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CN Raises Refined Oil Prices Yesterday
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Based on recent changes in oil prices on international market and according to the prevailing refined oil price formation mechanism, the gasoline and diesel prices in Mainland China hiked RMB235 per ton and RMB225 per ton, respectively, starting from midnight yesterday (2nd), the National Development and Reform Commission stated.

PetroChina, Sinopec, CNOOC, and other crude oil processors are required to organize refined oil production and transportation well to ensure stable market supply and stringently implement national pricing policies.

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Relevant departments in various regions must step up market scrutiny and inspection efforts, strictly investigate and punish behaviors that do not comply with national pricing policies, and maintain normal market order.
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