🚗 Hey everyone, fresh fuel news! The Chinese mainland is set to lower retail prices for gasoline and diesel on Tuesday as international oil prices swing. The National Development and Reform Commission announced that gasoline prices will drop by 230 yuan per tonne, while diesel will see a cut of 220 yuan per tonne.
This move comes under the current pricing mechanism where refined oil product prices adjust in line with global crude oil price changes. China's three major oil companies – China National Petroleum Corporation, China Petrochemical Corporation, and China National Offshore Oil Corporation – along with other refineries, have been instructed to optimize production and transportation to ensure a stable supply.
Market regulators are also stepping up supervision to crack down on any violations of national pricing policies, ensuring that market order remains intact. These measures not only reflect rapid responses to international trends but also aim at keeping the fuel market steady for consumers and businesses alike.
Whether you're a news buff, a young professional, or just curious about global energy trends, this proactive step illustrates how the Chinese mainland adapts to economic shifts. Stay tuned for more updates on how these changes will impact everyday life and global markets!
Reference(s):
cgtn.com
