Zhongxin Finance, May 25. The official WeChat account of the National Development and Reform Commission released the "Interpretation of the Eighth Series of Coal Price Regulation and Supervision Policies" on the 25th.
According to the "Administrative Punishment Regulations for Price Violations" (Order No. 585 of the State Council of the People's Republic of China), if an operator engages in price gouging, the relevant departments may order him to make corrections, confiscate the illegal income, and impose a fine of less than 5 times the illegal income; If the illegal income is obtained, a fine of 50,000 yuan to 500,000 yuan shall be imposed, and if the circumstances are more serious, a fine of 500,000 yuan to 3 million yuan shall be imposed; if the circumstances are serious, it shall be ordered to suspend business for rectification or revoke its business license.
Previously, the National Development and Reform Commission issued an announcement (No. 4, 2022) on clarifying the behavior of operators in the coal field to drive up prices, proposing specific behaviors to drive up coal prices.
The development and reform department will continue to pay close attention to the coal market and price situation, and if the coal price is found to be out of a reasonable range and refuses to make corrections after being reminded and interviewed, it will be handed over to relevant departments for investigation and punishment according to the law as a clue of suspected price gouging.
If all sectors of society discover that coal operators are suspected of driving up prices, they may report to the relevant regulatory authorities.
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