China is working on giving the private oil companies the right to decide their own prices in accordance with governmental, which will enable some companies to adjust the prices of gasoline and diesel in accordance with the prices that are specified by the government, also China plans to provide new prices for oil production later this year to stabilize crude oil prices, or when it decline.

As, the local refining losses this month may reach $ 7.10 per barrel compared with February's loss of $ 7 a barrel.