Country to improve oil prices

Recently, the National Development and Reform Commission issued a notice, decided to start from October 26 0 o'clock the price of steam, diesel, respectively, increase by 230 yuan and 220 yuan per ton. Notice requirements, PetroChina, Sinopec two major companies should strive to do a good job of oil production and distribution of the convergence to ensure market supply.　　The competent departments at all levels should strengthen the price supervision and inspection, crack down the illegal activities of various prices and effectively maintain the stability of the oil market. It is reported that June 1 this year to reduce domestic steam and diesel prices, the international market oil prices continue to fluctuate between 70-80 U.S. dollars a small fluctuation in mid-September, a continuous downward trend, once close to price adjustment boundary conditions. Since the end of September, oil prices in the international market have climbed rapidly to more than 80 U.S. dollars per barrel, rising more than 4% of the price adjustment boundary conditions. To this end, according to the current oil price mechanism, the State decided to appropriately increase the price of steam and diesel.