The price of refined oil will increase by 350 yuan per ton from today, and the maximum retail price will increase by 0.26 to 0.31 yuan per liter. The price of oil has risen again! The reporter learned yesterday from the Guangdong Provincial Price Bureau that, following the 5.1% rise in Guangdong's CPI in January this year, the price of refined oil products in the Guangdong market has been raised again since midnight. The price of gasoline and diesel in various specifications has increased by 0.26 per litre. Yuan to 0.31 yuan.
This is the first increase in refined oil prices this year. It is also the 9th increase in Guangdong's oil price since the country's new pricing mechanism for refined oil products was implemented on March 25, 2009. Compared with the original selling price, after the adjustment of the oil price, the price of gasoline of the Guangdong IV Standard No. 97 exceeded the 8 yuan mark, reaching 8.11 yuan per liter, and the price increase was 0.3 yuan per liter.
Since the implementation of the new pricing mechanism for refined oil throughout the country on March 25, 2009, the national oil price has experienced eight consecutive increases and three declines. Cao Changqing, director of the Development and Reform Commission’s Price Division, said that since December 22 last year when domestic oil prices have been raised, international crude oil prices have continued to fluctuate.
On January 22, the average price of crude oil in the international market exceeded 22% for 22 consecutive working days. According to the existing oil price formation mechanism, domestic refined oil prices should be appropriately raised, but considering the current price situation, the Spring Festival and the supply and demand conditions of the refined oil market. The state has appropriately postponed the price increase and has controlled the price increase.
The National Development and Reform Commission decided to increase domestic refined oil prices once again from midnight on February 20, 2011. That is, based on current prices, gasoline and diesel will increase by 350 yuan per ton, or 4.5%. Subsequently, the Guangdong Provincial Price Bureau, in accordance with national regulations, formulated the adjusted maximum selling price of refined oil in Guangdong Province.
This is the first increase in refined oil prices this year. It is also the 9th increase in Guangdong's oil price since the country's new pricing mechanism for refined oil products was implemented on March 25, 2009. Compared with the original selling price, after the adjustment of the oil price, the price of gasoline of the Guangdong IV Standard No. 97 exceeded the 8 yuan mark, reaching 8.11 yuan per liter, and the price increase was 0.3 yuan per liter.
Since the implementation of the new pricing mechanism for refined oil throughout the country on March 25, 2009, the national oil price has experienced eight consecutive increases and three declines. Cao Changqing, director of the Development and Reform Commission’s Price Division, said that since December 22 last year when domestic oil prices have been raised, international crude oil prices have continued to fluctuate.
On January 22, the average price of crude oil in the international market exceeded 22% for 22 consecutive working days. According to the existing oil price formation mechanism, domestic refined oil prices should be appropriately raised, but considering the current price situation, the Spring Festival and the supply and demand conditions of the refined oil market. The state has appropriately postponed the price increase and has controlled the price increase.
The National Development and Reform Commission decided to increase domestic refined oil prices once again from midnight on February 20, 2011. That is, based on current prices, gasoline and diesel will increase by 350 yuan per ton, or 4.5%. Subsequently, the Guangdong Provincial Price Bureau, in accordance with national regulations, formulated the adjusted maximum selling price of refined oil in Guangdong Province.
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