The National Development and Reform Commission announced that the price of domestic oil products will be lowered according to the mechanism from 24:00 on August 23, 2021. Petrochina Company Limited, China Petroleum & Chemical Corp and CNOOC are required.The three major companies should organize the production and transportation of refined oil products, ensure a stable supply in the market, and strictly implement the state price policy. Relevant departments in various localities should step up market supervision and inspection, strictly investigate and deal with acts that fail to implement the state price policy, and maintain normal market order.
The following is the original text:
According to the recent changes of oil prices in the international market and according to the current price formation mechanism of refined oil, from 24:00 on August 23, 2021, the domestic prices of gasoline and diesel (the same below) will be reduced by 250yuan and 245yuan per ton respectively. After the adjustment, the maximum retail prices of gasoline and diesel in all provinces (autonomous regions and municipalities) and central cities are shown in the attached table. The relevant price linkage and subsidy policies shall be implemented in accordance with the current regulations.
The three major companies, Petrochina Company Limited, China Petroleum & Chemical Corp, and CNOOC, should organize the production and transportation of refined oil products, ensure stable supply in the market, and strictly implement the state price policy. Relevant departments in various localities should step up market supervision and inspection, strictly investigate and deal with acts that fail to implement the state price policy, and maintain normal market order. Consumers can report price violations through the 12315 platform.
Attached: the highest retail price of gasoline and diesel in all provinces, autonomous regions, cities and central cities
This article is edited from the National Development and Reform Commission of the people's Republic of China, Zhitong Financial Editor: Wang Jie.