Oil Product Price will be Adjusted


In accordance with the domestic pricing principle for oil products, National Development and Reform Commission announced in the [Notice on the Adjustment of Oil Product Prices] issued recently that the current prices of oil products will be adjusted.

By the Notice, for Sinopec Corp., the intermediate retail price for 90# gasoline will be decreased by RMB 150/ton from May 24? while diesel oil price remains unchanged. The actual retail price for oil product can go up 8% compared with the intermediate retail price.

Information source: 
2005-05-24