·Chinese(gb) ·English ·ฉบับภาษาไทย ·Tiếng Việt
WAPWeb Accessibility RSS
Home About Liuzhou Government Liuzhou News Live in Liuzhou Travel in Liuzhou Invest in Liuzhou Interact
Current Location:  Home > Liuzhou News > China
 
China to cut retail fuel prices
 
Date:2019-08-20  Source:Xinhua
 China will reduce the retail prices of gasoline and diesel starting Wednesday, the country's top economic planner said Tuesday.

Based on recent changes in international oil prices, the retail prices of gasoline and diesel will be reduced by 210 yuan (about 30 U.S. dollars) and 205 yuan per tonne, respectively, according to the National Development and Reform Commission.

Under the current pricing mechanism, prices of refined oil products are adjusted when international crude oil price changes translate into a change of no less than 50 yuan per tonne for gasoline and diesel prices within a period of 10 working days.

The commission also demanded that major oil companies, including China National Petroleum Corporation, China Petrochemical Corporation and China National Offshore Oil Corporation, work to ensure stable supply and implement the national pricing policy.

The economic planner said it would closely monitor the effects of the current pricing mechanism and make improvements in response to global fluctuations. 

   Print   To Top    Close  
0

Related Articles

Chinese video streaming service iQIYI posts revenue growth in Q2
Giant nylon production site breaks ground in east China
China's mutual funds to introduce side-pocketing to protect investors
Economic Watch: Shanghai FTZ opens new area
Bank of Jiangsu net profit up 15 pct in H1
Japan's NTT Docomo to resume Huawei P30 Pro smartphone orders ahead of Septem...
New system improves coking wastewater treatment efficiency
China to provide world's leading sci-tech journals
China self-developed full-digital PET completes multiple brain imaging
China to fund 41,752 science projects with more than 21 bln yuan
   
Home  │ About Liuzhou  │ Site Map  │ Service and Privacy │ FAQ │ Download Forms   │ Contact Us
Copyright (C) 2006 The People's Government of Liuzhou Municipality,All Rights Reserved
Sponsored by Liuzhou Informational Leading Group Office (The Bureau Of The Information Industry Of Liuzhou)
Prepared by Liuzhou Network Management Centre Address:No. 66, Sanzhong Road, Liuzhou, China
ICP Certificate No.05009280