Based on recent changes in oil prices on international market and the current refined oil pricing mechanism, China's domestic gasoline and diesel prices (standard products) will be reduced by RMB230 and RMB220 per ton, respectively, starting from 24:00 on May 19, 2025, according to the National Development and Reform Commission.PetroChina, Sinopec, CNOOC, and other crude oil processors must organize the production and transportation of refined oil to ensure stable market supply and strictly adhere to national pricing policies. Related NewsBOCI Downgrades CN Oil Sector/ SINOPEC CORP (00386.HK) to Neutral/ HoldRelevant local authorities should reinforce market supervision and inspection, severely clamp down on violations of national pricing policies, and maintain normal market order.