Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road Database
Economy

China to cut gasoline, diesel retail prices

June 14, 2024


Abstract : China will cut the retail prices of gasoline and diesel on Friday, based on recent changes in international oil prices, the country's top economic planner said on Thursday.

BEIJING, June 13 (Xinhua) -- China will cut the retail prices of gasoline and diesel on Friday, based on recent changes in international oil prices, the country's top economic planner said on Thursday.

Gasoline prices will be reduced by 190 yuan (about 26.7 U.S. dollars) per tonne and diesel prices by 180 yuan per tonne, the National Development and Reform Commission (NDRC) said.

Under the current pricing mechanism, prices of refined oil products are adjusted in accordance with changes in international crude oil prices.

China's three biggest oil companies -- the China National Petroleum Corporation, the China Petrochemical Corporation and the China National Offshore Oil Corporation -- and its oil refineries should ensure oil production and facilitate transportation to keep supplies stable, the commission added.

The NDRC's price monitoring center said it expects oil prices to fluctuate with an upward trend in the short term, due to the output cut extension of the Organization of the Petroleum Exporting Countries (OPEC) and its allies, as well as geopolitical instabilities.

Scan the QR code and push it to your mobile phone

Keyword: gasoline retail prices

Reading:

Full Text: Joint Statement of Outcomes of the China-New Zealand Leaders' Meeting

8th China-Eurasia Expo set for June 26-30 in Xinjiang

Across China: Young Americans soak up history, culture on central China exchange tour

Interview: GDI conducive to achieving Sustainable Development Goals: UN senior official

China Institute launches culinary center in New York

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial