China National Petroleum Corporation announced that next week’s gasoline prices will be reduced by 0.1 yuan, while diesel prices will not be adjusted.

Taiwan’s China National Petroleum Corporation announced on the 19th that starting from 0:00 a.m. tomorrow (20th), gasoline prices will be reduced by 0.1 yuan, while diesel prices will not be adjusted. The reference retail prices are 92 unleaded gasoline, 29.5 yuan per liter, 95 unleaded gasoline, 31.0 yuan per liter, and 98 unleaded gasoline. Gasoline costs 33.0 yuan per liter and super diesel costs 27.1 yuan per liter.

Taiwan’s China Petroleum Corporation said that due to the activation of the dual stabilization mechanism this week, gasoline and diesel absorbed 1.9 yuan and 3.1 yuan respectively. Taiwan’s China Petroleum Corporation pointed out that international oil prices fell this week. The weekly average price of the 7D3B price adjustment indicator based on the floating oil price adjustment principle fell by US$1.80. The New Taiwan dollar appreciated by 0.113 yuan against the US dollar. Domestic oil prices fell by 1.99% according to the formula.

According to the adjustment principle of the floating oil price mechanism, the prices of gasoline and diesel should be adjusted up by 1.8 yuan and 3.1 yuan respectively compared with this week’s reference retail price. In order to maintain prices lower than those in neighboring Asian countries (Japan, South Korea, Hong Kong, Star), gasoline and diesel will absorb 1.6 yuan and 2.8 yuan each. After the absorption, the 95 unleaded gasoline will exceed 30 yuan, further launching oil price stabilization measures. In the first stage, the absorption will be 25%, rounded off, and gasoline and diesel will absorb another 0.3 yuan per liter. Double The stabilization mechanism is activated, with gasoline and diesel absorbing a total of 1.9 yuan and 3.1 yuan respectively. Domestic gasoline will actually be reduced by 0.1 yuan per liter, while diesel prices will not be adjusted.

This week, the domestic oil price will be adjusted according to the oil price formula and the government’s reduction in goods tax (a total of 2 yuan and 1.5 yuan per liter for gasoline and diesel). It will continue to operate at the lowest price in Asia and adopt stable measures to help stabilize domestic oil prices. Gasoline and diesel are The 1.9 yuan and 3.1 yuan that need to be adjusted are both absorbed by Taiwan Petroleum Corporation. From the cumulative 112 years to the end of October, Taiwan Petroleum Corporation has absorbed a total of approximately 12.737 billion yuan.

Editor/Zeng Yixin

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