Today, the national development and Reform Commission issued a notice, decided to gasoline, diesel prices were reduced by 125 yuan and 120 yuan, the retail price of gasoline and diesel oil 0 (national average) was reduced by 0.09 yuan per liter and 0.1 yuan, the price adjustment execution time is 24 in September 1st.
The refined oil price adjustment is in accordance with the current oil price formation mechanism, according to the September 1 days before the international market oil price changes on the average price of 10 days to determine the change of the situation. Since mid August, the global supply of crude oil and other factors, the international market prices are a shock downward trend, despite the sharp rebound in the past few days, but the average price of the first 10 days is still falling.
Notification requirements, PetroChina, Sinopec, CNOOC, the three companies to organize the production and transportation of oil products, to ensure a steady supply of the market, strict implementation of national pricing policy. Departments at all levels to increase market supervision and inspection, and severely punish the behavior of non implementation of national price policy, maintain normal market order.