National Development and Reform Commission Announces Fuel Price Hike: Gasoline and Diesel to Rise by 685 and 655 Yuan per Ton from July 31
Stock News
Jul 31
Since the last adjustment of domestic refined oil prices on July 17, international crude oil prices have experienced significant volatility, with sharp rises followed by declines in the first few days, only to surge again recently. The average price over the 10 working days prior to this adjustment was higher than the average over the 10 working days before the previous adjustment.
In response to changes in international oil prices, starting from 24:00 on July 31, the prices of domestic gasoline and diesel (standard products) will be raised by 685 yuan and 655 yuan per ton, respectively.
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