s
Global EditionASIA 中文双语Français
Business
Home / Business / Industries

China to raise gasoline, diesel retail prices

Xinhua | Updated: 2020-11-20 15:40
Share
Share - WeChat
A staff member refuels a car at a gas station in Shijiazhuang, North China's Hebei province, on June 28, 2020. [Photo/Xinhua]

BEIJING -- China will raise the retail prices of gasoline and diesel starting Friday, the country's top economic planner said Thursday.

The price of gasoline will go up by 150 yuan ($22.9) per tonne, while that of diesel will increase by 145 yuan, according to the National Development and Reform Commission.

Under the current pricing mechanism, if international crude oil prices change by more than 50 yuan per tonne and remain at that level for 10 working days, the prices of refined oil products such as gasoline and diesel in China will be adjusted accordingly.

China's three biggest oil companies, namely China National Petroleum Corporation, China Petrochemical Corporation and China National Offshore Oil Corporation, have been asked to maintain oil production and facilitate transportation to ensure stable supplies.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE