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News

Domestic oil prices triple drop 90 gasoline price 0.08 yuan per liter

  • Author:JAMES
  • Source:National Development and Refor
  • Release on:2014-09-02
"

Today , the National Development and Reform Commission issued a notice , decided to
gasoline and diesel prices were reduced by 105 yuan per ton and 100 yuan , estimates the
retail price of 90 # gasoline and 0 # diesel oil ( the national average ) were reduced by
0.08 yuan per liter and 0.09 yuan , price adjustment execution time is 1 September 24 .

The oil price adjustment , the formation mechanism in accordance with the current oil
prices, the average price change 10 days international oil situation Sept. 1 calculation
determined . Since late August , affected by weak global demand for refined products and
other factors , the international oil market volatility down , before the 10 days average
price declined.

Notification requirements , PetroChina , Sinopec , CNOOC three companies to organize
production and distribution of oil products to ensure stable market supply , strict
implementation of national pricing policy . Price departments at all levels to increase
market supervision and inspection , severely crack down on price behavior does not
implement national policies , safeguard the normal market order.



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