Fuel Prices Slashed in Major National Reduction

Deep News17:57

In a significant move, the prices of domestic refined oil products have been substantially reduced. According to the latest price adjustment information released by the National Development and Reform Commission, the prices of gasoline and diesel (standard products) have been cut by 525 yuan and 505 yuan per tonne, respectively.

Following the current refined oil pricing mechanism, the Hainan Provincial Development and Reform Commission has correspondingly lowered the maximum retail prices for gasoline and diesel within the province. These new prices will take effect from midnight on June 4.

In accordance with regulations linking oil and gas prices, the retail price for vehicle-use compressed natural gas in Hainan has also been adjusted. It is reduced from 6.05 yuan per cubic meter (equivalent to 8.41 yuan per kilogram) to 5.76 yuan per cubic meter (equivalent to 8.00 yuan per kilogram).

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