OREANDA-NEWS. December 19, 2014. National Development and Reform Commission announced in the notice issued on December 12, 2014, that the current prices of oil products will be adjusted.

By the Notice, the price for gasoline and diesel oil will be decreased by RMB 170/ton and RMB 400/ton.

The adjustment range of oil product price is based on the present oil product pricing mechanism and the increase of oil product consumption tax.

The Ministry of Finance and State Administration of Taxation announced in the notice issued on December 12, 2014, that the unit consumption tax for gasoline and diesel will be increased by RMB 0.28/liter and RMB 0.16/liter separately from December 13, 2014.