Basket of Crude Oil Average Price Change Rate at 3.30% on February 12

Deep News
Yesterday

Data released on February 13 by the Xinhua Oil Price System indicated that the average price change rate for a basket of crude oils stood at 3.30% on February 12. Under China's oil pricing mechanism, domestic gasoline and diesel prices are adjusted every ten working days based on fluctuations in international crude oil prices. These adjustments take effect at 24:00 on the day the new prices are announced. If the price adjustment is less than 50 yuan per ton, no change is made; instead, the difference is carried over to the next pricing cycle. In special circumstances as defined by the regulations, price adjustments may be postponed, suspended, or implemented with a smaller margin. February 13 marks the eighth working day of the current pricing cycle, with the next price adjustment window scheduled for 24:00 on February 24.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10