International Oil Price Increases Activate Dual Stabilization Mechanism: CPC Announces Decrease of 0.1 Yuan in Gasoline and Diesel Prices

Reported 8 months ago

Recently, due to the increase in international oil prices and the depreciation of the New Taiwan Dollar against the US Dollar, the dual stabilization mechanism was triggered. CPC announced on June 16, 2024, that starting from the 17th, the prices of gasoline and diesel will each be reduced by 0.1 yuan per liter. This adjustment is to maintain prices below neighboring Asian countries and absorb part of the price increase. The actual decrease in domestic gasoline and diesel prices will be 0.1 yuan per liter.

Source: YAHOO

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