Diesel to reduce 0.08/liter to create the smallest decline in ten years

On June 6, 2013, the National Development and Reform Commission issued a notice that in accordance with the current mechanism for the formation of refined oil prices, it was decided to reduce the prices of gasoline and diesel by 95 yuan and 90 yuan per ton, respectively, and measure the retail price of gasoline No. 90 and diesel No. 0 ( The national average is reduced by 0.07 yuan and 0.08 yuan per liter, respectively, and the price adjustment execution time is 24 hours on June 6 (early morning of June 7).

On March 26, China adjusted the price adjustment mechanism for domestic refined oil products. Compared with the old mechanism, the current mechanism shortened the price adjustment period to 10 working days, canceled the upper and lower 4% limit, and adjusted the oil affiliation. At the same time, the National Development and Reform Commission also pointed out that in order to save social costs, when the price adjustment of gasoline and diesel is lower than 50 yuan per ton, no adjustment will be made and the cumulative or offset will be included in the next price adjustment.

The price reduction rate of refined oil products was based on the average price of crude oil in the international market in the 10 working days prior to June 6 and considering the unadjusted amount on May 23 was determined by merger. According to statistics, from January 15th, 2009, the price of diesel fuel began to adjust frequently. Domestic oil prices have been adjusted a total of 28 times, including 16 price increases and 12 price reductions. The oil price adjustment was the fifth time that oil prices were adjusted in 2013. The latest increase in the last ten years was recorded. The reduction in oil prices this time was the smallest decline in a decade.

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