Prices of gasoline, diesel, lower up!

Xinhua News Agency (Photo by Fang Dongxu)

According to the National Development and Reform Commission on the 9th, according to the recent changes in oil prices in the international market, in accordance with the current mechanism for oil prices of refined oil products, from 24:00 on August 9, 2022, domestic gasoline and diesel prices have been reduced by 130 yuan and 125 yuan, respectively.

This is the fifth time in my country to reduce gasoline and diesel prices since this year, and it is also the fourth consecutive time since June 28. The adjustment of oil prices is equivalent to about 0.1 yuan per liter, which will further reduce the cost of vehicle travel and logistics and transportation costs.

The relevant person in charge of the National Development and Reform Commission said that CNPC, Sinopec, CNOOC, and other crude oil processing enterprises should organize the production and transportation of refined oil to ensure the stable supply of the market and strictly implement the national price policy. Relevant departments in various localities should increase market supervision and inspection, severely investigate and deal with acts that do not implement national price policies, and maintain normal market order. Consumers can report price illegal acts through the 12315 platform.

During this round of refined oil price adjustment cycle, the international market crude oil prices continue to decline. The National Development and Reform Commission Price Monitoring Center predicts that international oil prices may still run weakly in the short term.

Xinhua News Agency

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