· Domestic refined oil prices are adjusted by mechanism

According to the recent changes in oil prices in the international market, according to the current formation mechanism of refined oil prices, domestic gasoline and diesel prices (standard products, the same below) have increased by 150 yuan per ton since 24:00 on November 2, 2017. After adjustment, the highest retail prices of gasoline and diesel in provinces (autonomous regions, municipalities) and central cities are shown in the attached table. The relevant price linkage and subsidy policies are implemented in accordance with current regulations.
PetroChina, Sinopec and CNOOC should organize the production and distribution of refined oil products to ensure a stable supply of the market and strictly implement the national price policy. The competent pricing departments at all levels should increase market supervision and inspection, strictly investigate and punish non-implementation of national price policies, and maintain normal market order. Consumers can report price violations through the 12358 price regulatory platform.
We are closely tracking the operation of the refined oil price formation mechanism, and further researching and improving the changes in the domestic and international oil market.