Fuel Prices Set to Rise at Midnight

Deep News15:51

Since the last domestic fuel price adjustment on August 14, international crude oil prices have been fluctuating. The average price over the 10 working days preceding this adjustment has exceeded the average from the prior 10-day period. In response to these shifts in global oil markets, starting from 24:00 on August 28, the retail prices of domestic gasoline and diesel (standard products) will be raised by 375 yuan and 360 yuan per tonne, respectively.

Companies such as PetroChina, Sinopec, and CNOOC, along with other refining enterprises, are required to organize production and transportation of refined oil products to ensure stable market supply and strictly adhere to national pricing policies. Local authorities are urged to intensify market oversight and enforcement, cracking down on any violations of these price regulations to maintain orderly market operations. Consumers can report any price-related infractions through the 12315 hotline platform.

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