Fuel Prices to Drop by 230 Yuan per Tonne for Gasoline and 220 Yuan per Tonne for Diesel Starting August 14 at Midnight

Deep News
08/14

Starting from 24:00 on August 14, domestic gasoline and diesel (standard product) prices will be reduced by 230 yuan per tonne and 220 yuan per tonne, respectively.

Since the last adjustment of domestic refined oil product prices on July 31, international crude oil prices experienced a rapid decline followed by volatile trading. The average price over the 10 working days prior to this adjustment is lower than the average price over the 10 working days before the previous adjustment, based on changes in international oil market conditions.

Companies including PetroChina, Sinopec, and CNOOC, along with other crude oil processors, are required to organize the production and transportation of refined oil products to ensure stable market supply and strictly comply with national pricing policies. Local authorities must intensify market supervision and inspection efforts to strictly enforce penalties for non-compliance with national pricing policies, thereby maintaining orderly market operations.

Consumers can report price violations through the 12315 platform. Attached are the maximum retail prices for gasoline and diesel in various provinces (autonomous regions and municipalities) and central cities.

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