The price of oil will be raised by RMB 300/ton in the early morning tomorrow.

Today, we learned from a number of market monitoring situations that the National Development and Reform Commission is convening a meeting on raising oil prices this afternoon. Some provincial companies of PetroChina and Sinopec have received notification from the Price Bureau to adjust the retail price of refined oil tonight.

According to the information verified by Zhuochuang, the National Development and Reform Commission will raise the retail price limit of gasoline and diesel by RMB 300/ton each in the early morning of the 20th, approximately 0.26 yuan/liter for diesel and 0.22 yuan/liter for gasoline.

Zhuo Chuang information monitoring, as of March 15th, the three places crude oil change rate as high as 10.55%, and last week the National Development and Reform Commission urgently sought the two major groups of oil price release form, product oil price adjustment triggered, and is expected to jointly fine-tuning of policy.

An Xun Sisuwang Energy said that according to sources close to the National Development and Reform Commission, the Development and Reform Commission's Price Division convened a meeting this afternoon, according to past practice, or to adjust the oil product retail price aura; and the two companies feedback that some provincial companies have received The Price Bureau announced to adjust the retail price of refined oil tonight.

Premier Wen Hao of the State Council said during the inspection tour in Henan Province that the international oil price fluctuates greatly this year. If the price of oil rises, the country is also prepared to give direct subsidies because large areas of mechanized operations require oil. This statement shows that the current international oil price shocks the country attaches great importance; Second, the relevant departments have been ready to deal with the various preparations to increase oil prices, the state further raised the maximum price of refined oil products without pressure.

Zhuo Feng, an information analyst at Zhuo Chuang, said: “This time considering the use of spring agricultural oil, the National Development and Reform Commission has appropriately reduced the adjustment rate. If the rate of change in the three regions measured by Zhuo Chuang is 10.73%, the scope of this refined oil product should be 600 yuan/ton or more."