China sees largest oil price increase in nine years | Updated: 2022-03-18 15:15
Share - WeChat
A gas station worker refuels a car in Huaian, Jiangsu province, on March 17, 2022. [Photo/IC]

A new round of refined oil price adjustment started on Thursday in China, registering the largest increase in nine years.

According to a notice from the National Development and Reform Commission, the domestic gasoline and diesel prices were raised by 750 yuan and 720 yuan per ton, respectively, starting at midnight on March 17.

Under the current pricing mechanism, when international crude oil prices change by more than 50 yuan per ton and remain at that level for 10 working days, the prices of refined oil products are adjusted accordingly.

1 2 3 4 5 6 Next   >>|

Related Stories

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