The Zhitong Finance App learned that according to information from the National Development and Reform Commission, crude oil prices in the international market fluctuated and declined since the price adjustment of domestic refined oil products on October 29. The average price for the first 10 working days of this price adjustment is lower than the average price for the 10 working days before the previous price adjustment. According to changes in oil prices in the international market, domestic automobile and diesel (standard products) prices will be reduced by 645 yuan and 625 yuan per ton, respectively, starting at 24:00 on November 12.

The National Development and Reform Commission will guide enterprises producing and selling refined oil products to make every effort to produce and transfer refined oil products, ensure stable supply in the market, cooperate with relevant departments to step up market supervision and inspection efforts, strictly investigate and punish illegal acts such as failure to implement the national price policy, and effectively maintain market order and protect consumers' interests.

This article was edited by the “National Development and Reform Commission”, Zhitong Finance Editor: Li Fu.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.