Fuel Prices Rise Today: A New Adjustment Takes Effect

Deep News08-01 09:20

China's National Development and Reform Commission (NDRC) announced that the window for adjusting domestic refined oil product prices officially opened at midnight today.

According to monitoring by the NDRC's Price Monitoring Center, during the current fuel price adjustment cycle (from 12:00 AM on July 17 to 12:00 AM on July 31), international oil prices experienced more increases than decreases overall, showing a stage-based volatile trend due to factors like repeated military conflicts between the United States and Iran. The average price during this cycle was significantly higher than the previous one.

Effective from 12:00 AM on August 1, the retail price caps for domestic gasoline and diesel will be raised by 685 yuan and 655 yuan per tonne, respectively. Nationwide averages show that the prices of 92-octane gasoline, 95-octane gasoline, and 0-diesel fuel will increase by 0.54 yuan, 0.57 yuan, and 0.56 yuan per liter, respectively.

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