Starting today, gasoline and diesel retail prices will be reduced in China. The decision was taken in light of the latest international developments in the price of oil, the country's top economic planning body said on Friday, April 28.
The National Development and Reform Commission announced that gasoline and diesel prices will be lowered by 160 yuan (about $23,11) and 155 yuan per ton, respectively. Within the framework of the current official pricing mechanism, the prices of refined petroleum products are adjusted by taking into account the fluctuations of international crude oil prices.
On the other hand, the National Development and Reform Commission, along with the country's three largest oil companies, China National Petroleum Corporation, China Petrochemical Corporation, and China National Offshore Oil Corporation, said that oil refineries should keep their production at the same level, facilitate the transportation process and secure a stable supply. instruction was given.