Sina Financial News According to the Development and Reform Commission, since May 24, refined oil prices have been raised again, and prices of gasoline, diesel and aviation kerosene have risen by 500 yuan per ton. It is reported that this is the largest increase in oil prices in the past.

The relevant person in charge of the National Development and Reform Commission stated that the price of oil in the international market has continued to rise sharply in recent days, and the closing price of WTI crude oil futures has been above 70 US dollars per barrel for several consecutive days. In order to resolve the contradiction between the price of crude oil and the inversion of crude oil prices, to rationalize the relationship between refined oil prices and guarantee the supply of domestic refined oil products, the National Development and Reform Commission decided to raise the price of refined oil products again.

The National Development and Reform Commission demanded that all localities should conscientiously do a good job in the adjustment of refined oil prices and implement various subsidy measures. Comprehensive measures must be taken to stabilize the income level of taxi drivers. PetroChina and Sinopec should work hard to increase the production of refined oil products, and make good connections between production and transportation to ensure the supply of refined oil products.


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