NDRC: Starting from 24:00 on May 21, China's Gasoline and Diesel Prices Rose by 75 Yuan and 70 Yuan per Mt, Respectively

According to the National Development and Reform Commission (NDRC): Since the adjustment of domestic refined oil prices on May 8, international crude oil prices fluctuated upward before pulling back somewhat. The average price over the 10 working days preceding this price adjustment was higher than the average price over the 10 working days preceding the last adjustment. Based on changes in international oil prices, starting from 24:00 on May 21, the prices of gasoline and diesel (standard products) in China were raised by 75 yuan/mt and 70 yuan/mt, respectively.

PetroChina, Sinopec, CNOOC, and other crude oil processing enterprises should properly organize the production and distribution of refined oil products, ensure stable market supply, and strictly implement national pricing policies. Relevant departments in all regions should strengthen market supervision and inspection, severely investigate and punish violations of national pricing policies, and maintain normal market order. Consumers may report pricing violations through the 12315 platform.

Appendix: Maximum retail prices of gasoline and diesel in provinces (autonomous regions and municipalities) and central cities