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How does NDRC calculate the rise and fall of oil prices?
The National Development and Reform Commission adjusts the oil price every 10 working day, and the effective time of the price adjustment is 24: 00 on the price adjustment release date.

According to Article 6 of the Measures for the Administration of Petroleum Prices (Trial), the prices of gasoline and diesel are adjusted every 10 working day according to the changes of crude oil prices in the international market. The effective time of price adjustment is 24: 00 on the release date of price adjustment. When the price adjustment is less than one ton of 50 yuan, no adjustment will be made, and it will be accumulated or offset in the next price adjustment. When the overall domestic price level rises obviously or there is a major emergency, and the oil price in the international market fluctuates violently in a short period of time, it is necessary to regulate the price of refined oil. After being reported to the State Council for approval by the National Development and Reform Commission, the price adjustment can be suspended, suspended or reduced. After the end of special circumstances, the National Development and Reform Commission reported to the State Council for approval, and the price adjustment of refined oil continued to be implemented in accordance with the rules determined in these Measures.

Tips: The above explanations are for reference only.

Reply time: 2022-0 1-29. Please refer to the latest business changes announced by Ping An Bank in official website.