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No Adjustment to CN Refined Oil Prices Tdy
Recommend 8 Positive 16 Negative 2 |
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Since the adjustment of domestic refined oil product prices in mainland China on January 16, 2025, oil prices in the international market have been flip-flopping, the Price Division of the National Development and Reform Commission (NDRC) indicated. According to the prevailing domestic refined oil product price mechanism, the average price of the first ten working days from February 6 was adjusted by less than RMB50 per ton when compared with the average price of the first ten working days from January 16. No adjustment will be made to the prices of gasoline and diesel fuel this time, and the unadjusted amount will be included in the next price adjustment to be added up or offset, pursuant to the regulations. The three major oil companies, namely PetroChina, Sinopec and CNOOC, as well as other crude oil processors, should organize the production and transportation of refined oil products to ensure stable supply in the market, and strictly enforce the national pricing policy. AAStocks Financial News |
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