Development and Reform Commission Increases Oil Prices in the Early Day of February 25

According to relevant sources, the National Development and Reform Commission will raise the retail prices of domestic refined oil products starting in the early hours of February 25, including a gasoline price increase of 300 yuan/ton and a diesel fuel increase rate of 290 yuan/ton. The price of equivalent gasoline No. 90 rose 0.23 yuan/liter, that of No. 93 gasoline rose 0.23 yuan/liter, and that of No. 0 diesel rose 0.25 yuan/liter.

The oil price adjustment was first raised in 2013. It was about three months before the last refined oil price adjustment (November 16, 2012), and the price of 93# gasoline in the region where the domestic standard of the implementation of the country's four standards was adjusted was re-entered after adjustment. In the eight-year era, the three standards of other implementing countries were still within 8 yuan. Refined oil as a basic means of production, the price increase will increase the cost of China's economic operation, and bring some pressure on consumers and CPI.