Average Price Change Rate for Crude Oil Basket Reaches 2.37% on February 25

Deep News
Yesterday

Data released on February 26 indicated that the average price change rate for a basket of crude oils stood at 2.37% as of February 25. According to China's petroleum pricing mechanism, domestic prices for gasoline and diesel are adjusted every ten working days based on changes in international crude oil prices. These adjustments take effect at 24:00 on the day the new prices are announced. If the calculated price adjustment is less than 50 yuan per ton, no change will be made; instead, the amount will be carried over to the next adjustment cycle. Under special circumstances as defined by the regulations, price adjustments may be suspended, delayed, or implemented with a smaller margin. February 26 marks the second working day of the current pricing cycle, with the next price adjustment window scheduled to open at 24:00 on March 9.

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