Government Implements Further Fuel Price Controls: Gasoline and Diesel Rates Raised by 420 Yuan and 400 Yuan per Ton

Deep News15:20

According to a notice on the website of the National Development and Reform Commission on the 7th, international crude oil prices have experienced significant fluctuations since the last adjustment of domestic refined oil prices on March 23. To mitigate the impact of rising global oil prices on the domestic market, the government has continued to implement regulatory measures on refined oil product pricing. Based on calculations under the refined oil pricing mechanism, domestic gasoline and diesel (standard products) prices should have been raised by 800 yuan and 770 yuan per ton, respectively, starting from 24:00 on April 7. However, after regulatory intervention, the actual increases are 420 yuan and 400 yuan per ton. Companies including PetroChina, Sinopec, CNOOC, and other crude oil processing enterprises are required to organize the production and distribution of refined oil products to ensure stable market supply and strictly adhere to national pricing policies. Relevant local authorities are instructed to strengthen market supervision and inspection, rigorously investigate and penalize violations of national price policies, and maintain normal market order. Consumers can report pricing violations through the 12315 platform.

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