China continues to take regulatory measures on domestic refined oil prices

According to CCTV Finance, since the adjustment of domestic refined oil prices on March 23, the international market crude oil prices have fluctuated significantly. To mitigate the impact of rising international oil prices on the domestic market, today (April 7th), the government continues to take regulatory measures on refined oil prices. According to the pricing mechanism of refined oil products, starting from 24:00 on April 7th, the prices of domestic gasoline and diesel (standard products) should be increased by 800 yuan and 770 yuan per ton respectively. After regulation, the actual increase is 420 yuan and 400 yuan. Equivalent to an increase of 0.33 yuan per liter for 92 octane gasoline, a decrease of 0.31 yuan per liter, and an increase of 0.34 yuan per liter for 0 octane diesel, a decrease of 0.32 yuan per liter. The National Development and Reform Commission stated that PetroChina, Sinopec, CNOOC and other crude oil processing enterprises should organize the production and transportation of refined oil products, ensure stable market supply, and strictly implement national pricing policies. Relevant departments in various regions should increase their market supervision and inspection efforts, strictly investigate and punish behaviors that do not implement national price policies, and maintain normal market order.