China's domestic refined oil product prices are set for a reduction at midnight tonight.
According to monitoring from the National Development and Reform Commission's price monitoring center, international oil prices exhibited a pattern of decline followed by an increase during the latest pricing cycle. Effective from 24:00 today, the prices for domestic gasoline and diesel will be lowered by 525 yuan and 505 yuan per ton, respectively.
On a national average basis, this translates to reductions of 0.41 yuan per liter for 92-octane gasoline, 0.44 yuan per liter for 95-octane gasoline, and 0.43 yuan per liter for 0-grade diesel.
For a practical example, filling a 50-liter tank with 92-octane gasoline will now cost approximately 20.5 yuan less.
The logistics sector will also see lower operating expenses. For instance, a heavy-duty truck covering 10,000 kilometers per month with a fuel consumption of 38 liters per 100 kilometers is projected to save around 763 yuan in fuel costs over the next half-month period.
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