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CN to Lower Refined Oil Prices Tmr; Gasoline/ Diesel Down by RMB265/ RMB255 per Ton
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China's National Development and Reform Commission (NDRC) announced today (27th) that, given the recent volatility in international oil prices and based on a comparison of the average prices over the past 10 working days before today with those over the same period before the previous adjustment, it will cut domestic gasoline and diesel prices (standard products) per ton by RMB265 and RMB255 respectively at 24:00 today in accordance with the existing refined oil price mechanism. The NDRC has required PETROCHINA (00857.HK), SINOPEC CORP (00386.HK), CNOOC (00883.HK), and other crude oil processors to organize the production and transportation of refined oil products, ensure a stable supply in the market, and strictly enforce the national pricing policy. AAStocks Financial News |
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