According to data released by Xinhua News Agency’s oil price system on May 23, the average price change rate of a package of crude oil on May 22 was -0.27%.
According to the “Measures for the Administration of Petroleum Prices”, the prices of gasoline and diesel in China are adjusted every 10 working days according to changes in crude oil prices in the international market, and the price adjustment will take effect at 24:00 on the release date. When the price adjustment range is lower than 50 yuan per ton, no adjustment will be made, and it will be added or offset in the next price adjustment. In case of special circumstances stipulated in the Measures, the price adjustment can be suspended, delayed, or reduced.
May 23 is the fifth working day of this pricing cycle, and the price adjustment window will open at 24:00 on May 30.