National Development and Reform Commission: The three major companies—PetroChina, Sinopec, and CNOOC—and other crude oil processing enterprises should organize the production and transportation of refined oil well.

Crypto World Network, March 9 — The National Development and Reform Commission announced today that China National Petroleum Corporation, China Petrochemical Corporation, China National Offshore Oil Corporation, and other crude oil processing enterprises should organize production and transportation of refined oil products to ensure market stability and strictly implement national pricing policies. Relevant local departments are urged to strengthen market supervision and inspection, crack down on violations of national pricing policies, and maintain normal market order. Consumers can report price violations through the 12315 platform.

At 24:00 on March 9, the domestic retail prices of refined oil products will begin to increase. According to monitoring by the Price Monitoring Center of the National Development and Reform Commission, during this cycle of price adjustments, international oil prices have surged significantly due to the ongoing escalation of the US-Iran conflict. Starting at 24:00 on March 9, the retail prices of gasoline and diesel in China will increase by 695 yuan and 670 yuan per ton, respectively. On average nationwide, 92-octane gasoline, 95-octane gasoline, and zero diesel will each increase by 0.55 yuan, 0.58 yuan, and 0.57 yuan per liter. A quick calculation shows that filling a 50-liter tank with 92-octane gasoline will cost 27.5 yuan more.