Tuesday , May 17 2022

Gasoline prices fall in China



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If the magnitude of the fluctuations in oil prices in the world exceeds 50 yuan per tonne, the price of automotive fuel changes.

For the second time in a row, Chinese officials reduced retail prices for automotive fuel to a maximum value of around 4 years.

According to reports by the Rosbalt Chinese State Development and Reform Committee, a ton of gasoline 510 yuan ($ 73.5), diesel fuel – decided to reduce the cost of 490 yuan.

The cost of petroleum products in the domestic market is examined within 10 working days by taking into account the increase or decrease trend in oil prices in the global market. If the magnitude of the fluctuations in oil prices in the world exceeds 50 yuan per tonne, the price of automotive fuel changes.

At the same time, the State Committee is demanding PetroChina, Sinopec and CNOOC, which are the three leading oil companies in the country to properly organize the production and transportation of petroleum products, to ensure the stability of oil supply and strict adherence to state pricing policies.

More important news at the telegraph channel "zakon.kz". Subscriber!

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