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Gasoline and diesel prices have risen sharply again

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Gasoline and diesel prices have risen sharply again

2021-10-23 10:10:43Source: Xinhua News Agency

Xinhua News Agency, Beijing, October 22 (Reporters Xie Xiyao and An Bei) Following the sharp increase on the 9th, the National Development and Reform Commission stated on the 22nd that according to the recent changes in international market oil prices, and in accordance with the current refined oil price formation mechanism, it will start from October 2021. Starting at 24:00 on 22nd, domestic gasoline and diesel prices will increase by 300 yuan and 290 yuan per ton respectively.

The price adjustment is equivalent to an increase of more than 0.2 yuan per liter. The relevant person in charge of the National Development and Reform Commission stated that the three major companies, PetroChina, Sinopec, and CNOOC, must organize the production and dispatch of refined oil to ensure stable market supply and strictly implement the national price policy. Relevant departments in various regions should increase market supervision and inspection, severely investigate and punish non-implementation of national price policies, and maintain normal market order. Consumers can report price violations through the 12315 platform.

The National Development and Reform Commission Price Monitoring Center analyzed that the continued growth in global crude oil demand, insufficient capacity release, and the sharp increase in natural gas and coal prices are the main reasons for the continuous increase in oil prices since late August. International oil prices are expected to fluctuate in the short term.

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