Notice of the Ministry of Commerce on Strengthening the Administration of Markets after the Rising of Refined Oil Prices. Provinces, autonomous regions, municipalities directly under the Central Government, cities under separate planning, and the competent commerce departments of Xinjiang Production and Construction Corps, China National Petroleum Corporation, China Petroleum & Chemical Corporation, China National Offshore Oil Corporation , Shaanxi Provincial Yanchang Petroleum (Group) Co., Ltd.:
Recently, the National Development and Reform Commission issued a notice and decided to increase the price of gasoline and diesel by 1,000 yuan per ton from June 20 and increase the price of aviation kerosene by 1,500 yuan per ton. In order to ensure the smooth implementation of price adjustment measures for refined oil products, effectively manage the market management after the rise in refined oil prices, and maintain the order of the domestic refined oil market, the following is an urgent notification of the relevant matters:
First, unifying thinking and raising awareness. The competent commerce departments throughout the country must fully understand the importance of properly raising the price of refined oil products in the domestic market. It is necessary to relieve the difficulties of production and operation of enterprises, increase the supply of domestic refined oil, ensure market supply, and promote the conservation of oil resources. Take effective measures to earnestly do a good job in the market management of refined oil prices.
2. Pay close attention to the market dynamics and reactions after the rise in refined oil prices, and further strengthen market monitoring and analysis. The competent commercial authorities in various places must pay close attention to the market reaction and related impacts after the rise in refined oil prices, and do a good job in the local retail and wholesale price situation. The monitoring and analysis of the purchase, sale and storage of refined oil products. On the basis of continuing to adhere to the weekly and monthly reporting system for the refined oil market, it will focus on monitoring the local market response and resource supply and demand, and timely handle the contradictions and problems in the market supply.
3. Actively coordinate refined oil business enterprises, increase market resources, and fully guarantee the smooth supply of the domestic refined oil market. Local commerce administrations should coordinate local oil refining companies to do a good job in transportation coordination and resource convergence, and increase the intensity of market resources. To ensure the reasonable inventory level of refined oil in the jurisdiction and to protect the oil in key areas and key industries, in particular, to ensure the oil production in the earthquake-stricken areas to resume production and reconstruction after the disaster, during the “three summers†and “Olympic Games,†and to fully guarantee the resources To ensure the stable supply of the domestic refined oil market, and effectively limit the supply, continuous file, not out of stock.
PetroChina and Sinopec will continue to strictly control the export of refined products, and organize the import of refined products to effectively increase the domestic market supply.
Fourth, strengthen departmental coordination and increase market management. The competent commercial authorities must further strengthen communication and cooperation with local authorities on price, public security, transportation, industry and commerce, quality inspection, etc., and strengthen the supervision and inspection of the refined oil products operating companies within the jurisdiction. The actions of investigating and punishing price hikes will intensify the order of the refined oil market, and will ensure the stability of the domestic oil product market order by spurring oil prices, rising car prices, adding adulteration, spending less money, snapping up hoardings, and operating without licenses.
The competent commercial authorities around the country will, before June 24, report the relevant reactions, main influences, and suggestions after the price increase of the local refined oil products market to our Ministry (Commercial Reform Division) in written form.
Contact: Liu Decheng Huaixin (85093748, 3745)
Fax Email:
Ministry of Commerce
June 20, 2008
Recently, the National Development and Reform Commission issued a notice and decided to increase the price of gasoline and diesel by 1,000 yuan per ton from June 20 and increase the price of aviation kerosene by 1,500 yuan per ton. In order to ensure the smooth implementation of price adjustment measures for refined oil products, effectively manage the market management after the rise in refined oil prices, and maintain the order of the domestic refined oil market, the following is an urgent notification of the relevant matters:
First, unifying thinking and raising awareness. The competent commerce departments throughout the country must fully understand the importance of properly raising the price of refined oil products in the domestic market. It is necessary to relieve the difficulties of production and operation of enterprises, increase the supply of domestic refined oil, ensure market supply, and promote the conservation of oil resources. Take effective measures to earnestly do a good job in the market management of refined oil prices.
2. Pay close attention to the market dynamics and reactions after the rise in refined oil prices, and further strengthen market monitoring and analysis. The competent commercial authorities in various places must pay close attention to the market reaction and related impacts after the rise in refined oil prices, and do a good job in the local retail and wholesale price situation. The monitoring and analysis of the purchase, sale and storage of refined oil products. On the basis of continuing to adhere to the weekly and monthly reporting system for the refined oil market, it will focus on monitoring the local market response and resource supply and demand, and timely handle the contradictions and problems in the market supply.
3. Actively coordinate refined oil business enterprises, increase market resources, and fully guarantee the smooth supply of the domestic refined oil market. Local commerce administrations should coordinate local oil refining companies to do a good job in transportation coordination and resource convergence, and increase the intensity of market resources. To ensure the reasonable inventory level of refined oil in the jurisdiction and to protect the oil in key areas and key industries, in particular, to ensure the oil production in the earthquake-stricken areas to resume production and reconstruction after the disaster, during the “three summers†and “Olympic Games,†and to fully guarantee the resources To ensure the stable supply of the domestic refined oil market, and effectively limit the supply, continuous file, not out of stock.
PetroChina and Sinopec will continue to strictly control the export of refined products, and organize the import of refined products to effectively increase the domestic market supply.
Fourth, strengthen departmental coordination and increase market management. The competent commercial authorities must further strengthen communication and cooperation with local authorities on price, public security, transportation, industry and commerce, quality inspection, etc., and strengthen the supervision and inspection of the refined oil products operating companies within the jurisdiction. The actions of investigating and punishing price hikes will intensify the order of the refined oil market, and will ensure the stability of the domestic oil product market order by spurring oil prices, rising car prices, adding adulteration, spending less money, snapping up hoardings, and operating without licenses.
The competent commercial authorities around the country will, before June 24, report the relevant reactions, main influences, and suggestions after the price increase of the local refined oil products market to our Ministry (Commercial Reform Division) in written form.
Contact: Liu Decheng Huaixin (85093748, 3745)
Fax Email:
Ministry of Commerce
June 20, 2008
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