Reported 8 months ago
CPC announced that starting tomorrow, gasoline and diesel prices will each decrease by 0.1 yuan per liter. The new retail prices will be 29.2 yuan per liter for 92 unleaded gasoline, 30.7 yuan per liter for 95 unleaded gasoline, 32.7 yuan per liter for 98 unleaded gasoline, and 26.7 yuan per liter for super diesel. Due to the dual stabilization mechanism being activated this week, gasoline and diesel prices will absorb 2.2 yuan and 3.6 yuan. Despite the original adjustment principles suggesting an increase of 2.1 yuan and 3.5 yuan, CPC decided to keep the prices lower than neighboring Asian countries by absorbing 2.0 yuan and 3.4 yuan. As a result of the double stabilization mechanism, both gasoline and diesel will absorb 2.2 yuan and 3.6 yuan, leading to a reduction of 0.1 yuan per liter in domestic gasoline and diesel prices.
Source: YAHOO