Big news for drivers and commuters alike! China is set to lower its gasoline and diesel retail prices starting Tuesday. In a move to reflect shifts in international oil prices, gasoline prices are being cut by 230 yuan per tonne and diesel by 220 yuan per tonne, as announced by the National Development and Reform Commission.
For our tech-savvy, on-the-go readers in bustling cities from Jakarta to Bangalore, this update could mean extra savings on everyday travel 🚗💨. Major oil companies, including China National Petroleum Corporation, China Petrochemical Corporation, and China National Offshore Oil Corporation, have been directed to organize production and transportation to ensure a smooth and stable supply.
This adjustment is part of a pricing mechanism that ties refined oil product costs directly to international crude oil trends. With tough market supervision measures in place to crack down on any price irregularities, the authorities aim to maintain a fair and orderly market environment.
Stay tuned for more updates on how global trends continue to impact daily expenses. It’s all about staying informed and ready for change!
Reference(s):
cgtn.com
