Domestic refined oil prices are slated for a fresh adjustment at midnight on Friday, August 28th, with current market indicators pointing strongly toward a hike. As of August 27th, the ninth working day of the current pricing cycle, the anticipated increase has narrowed slightly, influenced by ongoing declines in international crude oil prices.
According to estimates from JLC Network Technology, as of August 27th, the average price of the reference crude oil varieties stood at $88.13 per barrel, reflecting a change rate of 6.65%. This would necessitate an upward revision of 360 yuan per tonne for domestic gasoline and diesel retail prices. Based on the current expected increase, pump prices for gasoline and diesel are projected to rise by 0.27 to 0.33 yuan per litre.
Data from the monitoring model at SCI International indicates that, based on closing prices on August 26th, the change rate for the ninth working day's reference crude oil was 8.18%. This model similarly forecasts an increase of 360 yuan per tonne for both gasoline and diesel. In terms of per-litre costs, this translates to increases of 0.28 yuan for 92# gasoline, 0.30 yuan for 95# gasoline, and 0.31 yuan for 0# diesel.
Once this upward adjustment to refined oil retail price limits is confirmed, a private car owner filling a standard 50-litre tank with 92# gasoline will incur an additional cost of approximately 14 yuan per fill-up.
So far this year, domestic refined oil prices have undergone a total of sixteen adjustments, comprising ten increases, five decreases, and one instance where the adjustment was搁浅, or suspended. The 2026 fuel price adjustment calendar is available for reference.
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