Domestic Fuel Prices Set for Significant Reduction in Upcoming Adjustment

Deep News06-21 21:50

China's domestic refined oil product prices are scheduled for a new round of adjustment at 24:00 on July 3rd.

Current forecasts for the crude oil change rate indicate a potential decrease exceeding -10%, which could lead to a further price cut of 630 yuan per ton. Based on this projected decline, the prices of gasoline and diesel are expected to see another substantial drop, falling between 0.48 yuan and 0.57 yuan per liter.

In accordance with national regulations, the prices of gasoline and diesel are adjusted every 10 working days. The new prices take effect at 24:00 on the day the adjustment is announced.

Relevant authorities have stated that major oil companies, including China National Petroleum Corporation (CNPC), China Petrochemical Corporation (Sinopec), and China National Offshore Oil Corporation (CNOOC), along with other crude oil processing enterprises, must coordinate the production and distribution of refined oil products to ensure stable market supply and strictly adhere to the national pricing policy.

Local regulatory departments across the country are required to intensify market supervision and inspection efforts, strictly investigate and penalize any actions that violate the national price policies, thereby maintaining normal market order.

Consumers can report any pricing violations through the 12315 platform.

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