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CN Adjusts Gasoline/ Diesel Prices, Up RMB420/ RMB400 per Tonne
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Since the domestic refined oil price adjustment on March 23, international crude oil prices have fluctuated drastically, China's National Development and Reform Commission (NDRC) stated. To mitigate the impact of soaring international oil prices on the domestic market, the state continued to adopt regulatory measures on refined oil prices. Based on the refined oil pricing mechanism, domestic gasoline and diesel prices should have been raised by RMB800 per tonne and RMB770 per tonne respectively, starting from midnight (8th). After regulatory adjustments, the actual upswing were RMB420 and RMB400 per tonne. Auto-translated by AI AASTOCKS Financial News |
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