Retail Fuel Prices in China to Increase Tonight, Yunnan's Maximum Rates Detailed

Deep News18:40

Following the last adjustment of domestic refined oil product prices on July 3, international crude oil market prices have experienced a volatile upward trend. The average price over the 10 working days preceding this latest adjustment is higher than the average for the 10 working days before the previous price change. In response to shifts in international oil market pricing, starting from 24:00 on July 17, the domestic prices for gasoline and diesel (standard products) will increase by 300 yuan and 290 yuan per ton, respectively.

State-owned enterprises including China National Petroleum Corporation (CNPC), China Petroleum & Chemical Corporation (Sinopec), and China National Offshore Oil Corporation (CNOOC), along with other crude oil processing companies, are required to organize the production and distribution of refined oil products effectively to ensure stable market supply and strictly implement the national pricing policy.

Relevant local departments across regions must intensify market supervision and inspection efforts, strictly investigate and penalize any actions that fail to comply with the state pricing regulations, and maintain normal market order. Consumers can report any pricing violations through the 12315 platform.

The maximum retail prices for gasoline and diesel in various areas of Yunnan Province after this adjustment are detailed as follows.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment