The Chinese government announced that, in view of “recent changes in oil prices in the international market”, in accordance with the current pricing mechanism for refined oil in the country, from Wednesday 29, gasoline prices and diesel will be reduced. . The information was released by the National Development and Reform Commission, in a statement accompanied by a table showing the maximum retail prices for gasoline and diesel in several provinces of the country.

The note states that three companies in the sector, PetroChina, Sinopec and CNOOC, in addition to other processing companies, should organize the production and transportation of refined oil and ensure a stable supply to the market, as well as the implementation ” strict” national pricing policy.

The body also calls on corresponding bodies in various parts of the country to strengthen market surveillance and inspections, punish those who fail to implement the national policy, and “maintain normal market order.”

Consumers can also report policy violations through a platform, the text reads.

Buying opportunity? XP Strategist reveals 6 cheap stocks to buy today. Look here.

#China #announces #fuel #price #cut #effect

Leave a Reply

Your email address will not be published.