China’s retail prices of gasoline, diesel remain unchanged in October
COMMODITIES POLICY & REGULATION
China’s retail prices of gasoline, diesel remain unchanged in October
COMMODITIES POLICY & REGULATION

China’s retail prices of gasoline, diesel remain unchanged in October

 

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China’s retail prices of gasoline and diesel will be unchanged in October, the first time the National Development and Reform Commission (NDRC) suspended oil price adjustment in 2022.

So far this year, the retail prices of refined oil products have been adjusted 19 times, with 11 hikes and seven cuts. Under the country’s pricing mechanism, the NDRC usually adjusts prices in accordance to international crude oil prices.

The price of gasoline has been raised by 1,305 yuan ($182.6) per tonne so far in 2022, with the diesel price up by 1,255 yuan per ton, according to the NDRC.