Translation. Region: Russian Federation –
Source: People's Republic of China in Russian – People's Republic of China in Russian –
An important disclaimer is at the bottom of this article.
Source: People's Republic of China – State Council News
BEIJING, Nov. 25 (Xinhua) — Chinese authorities on Tuesday cut retail prices of gasoline and diesel fuel in response to recent changes in global oil prices.
According to the National Development and Reform Commission of China, retail prices of the above-mentioned petroleum products were adjusted by 70 yuan (US$9.88) and 65 yuan per ton, respectively, from Tuesday.
China's three largest oil companies – PetroChina, Sinopec and CNOOC – as well as other oil refineries in the country were ordered to effectively organize the production and transportation of petroleum products, ensure their stable supply and strictly adhere to the state pricing policy.
Under China's pricing mechanism, petroleum product prices are adjusted in response to fluctuations in global crude oil prices.
Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.