National Development and Reform Commission: Starting from 24:00 on November 12, domestic gasoline and diesel prices will be reduced by RMB645 and RMB625 per ton, respectively.

According to the National Development and Reform Commission (NDRC), since the domestic refined oil price adjustment on October 29, crude oil prices in the international market have fluctuated and declined. The average price over the first 10 working days of this price adjustment is lower than the average price over the first 10 working days of the previous adjustment. In accordance with changes in international oil prices, starting from 24:00 on November 12, the prices of domestic gasoline and diesel (standard products) will be reduced by RMB645 and RMB625 per ton, respectively. The NDRC will guide refined oil producers and sellers to make every effort to ensure refined oil production and transportation, ensure stable market supply, and cooperate with relevant departments to intensify market supervision and inspection, strictly investigate and punish illegal and non-compliant acts such as failure to implement national price policies, effectively maintain market order, and protect consumer interests. This article was edited from the "National Development and Reform Commission" by GMTEight editor Li Fo.