Gasoline And Diesel Prices Are Not Adjusted

Beijing, July 24 (Xinhua) --

After two successive increases, domestic gasoline, diesel prices will suspend the pace of adjustment.

The National Development and Reform Commission said Tuesday that domestic gasoline and diesel prices will not be adjusted this time due to minor fluctuations in crude oil prices in the international market, according to the current domestic fuel price mechanism.

In charge of the National Development and Reform Commission said that since the July 10, 2020 since the domestic refined oil price adjustment, the international market oil prices fluctuated, according to the current domestic oil product pricing mechanism, July 24, an average of 10 working days before and 10 working days before July 10, compared to the average price adjustment amount is less than 50 yuan per ton.

According to article 7 of the Measures for the Administration of Petroleum Prices, the prices of gasoline and diesel oil will not be adjusted this time, and the amount not adjusted will be added up or offset in the next price adjustment.

The official said the three major companies, Petrochina, Sinopec and Cnooc, should organize the production and transportation of refined oil products to ensure stable supply in the market and strictly implement the state price policy.

Relevant departments in various localities should strengthen market supervision and inspection, severely punish those who fail to implement the state price policy, and maintain normal market order.

Consumers can report price violations through 12315 platform.

This round of refined oil price adjustment cycle, international oil prices rose slightly.

According to the Price Monitoring Center of the National Development and Reform Commission, the global spread of COVID-19 and the reduction of production in major oil producing countries are the core factors that will affect the trend of international oil prices in the future.

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