Fuel Prices Set to Rise Tonight: Official Adjustment Announced

Deep News15:41

Since domestic refined oil product prices were last adjusted on August 14, international crude oil markets have experienced fluctuating movements. The average price over the ten working days preceding this latest adjustment has come in higher than the average recorded during the ten working days prior to the previous adjustment, according to official data.

Reflecting these shifts in global market conditions, starting from 24:00 on August 28, the benchmark prices for domestic gasoline and diesel will increase by 375 yuan and 360 yuan per tonne, respectively. This move aligns with the broader trend of international oil price changes observed during the evaluation period.

China's major oil producers and refiners, including PetroChina, Sinopec, and CNOOC, along with other processing enterprises, have been instructed to organize production and transportation of refined oil products efficiently. These measures aim to secure stable market supply while strictly adhering to the national pricing policy set forth by the authorities.

Local government bodies are being urged to intensify market supervision and inspection efforts. Strong action will be taken against any entities found violating the national pricing regulations, ensuring orderly market operations are maintained. Consumers who encounter irregular pricing practices are encouraged to report them through the 12315 platform, which serves as the official channel for lodging complaints about price violations.

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