How Does the State Strengthen Supervision of the Refined Oil Market

When adjusting the price of refined oil products, the competent price departments at all levels must increase supervision and inspection of the market, severely investigate and punish non-implementation of state-specified price policies, as well as illegal activities such as hoarding, confessing and confusing people, and collusion of price increases, so as to maintain a normal market order. The National Development and Reform Commission will further strengthen market monitoring, timely study and resolve contradictions and problems in the refined oil market, and ensure the stability of the refined oil market. It is necessary to strengthen the inspection of market prices, resolutely stop the increase in prices of ride-up vehicles, and strive to stabilize the prices of food, edible oil, pork, vegetables, and other non-staple foods.

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