Domestic Fuel Prices Set for Significant Reduction at July 3rd Adjustment Window

According to the National Development and Reform Commission, the domestic refined oil product price adjustment window will open at 24:00 on July 3rd.

Market monitoring indicates that during this pricing cycle, spanning from 24:00 on June 18th to 24:00 on July 3rd, international crude oil prices experienced volatile declines.

Effective from 24:00 on July 3rd, domestic prices for gasoline and diesel will be reduced by 950 yuan and 915 yuan per tonne, respectively.

On a national average basis, the prices for 92-octane gasoline, 95-octane gasoline, and 0-grade diesel will be lowered by 0.75 yuan, 0.79 yuan, and 0.78 yuan per liter, respectively.

To illustrate the impact, filling a 50-liter tank with 92-octane gasoline will now cost approximately 37.5 yuan less.

This price reduction marks the largest single-cut so far this year.

For typical private vehicle use, assuming a monthly travel distance of 2,000 kilometers and an average fuel consumption of 8 liters per 100 kilometers, a single vehicle's fuel costs are projected to decrease by roughly 56 yuan before the next scheduled price adjustment on July 17th, 2026.

For the logistics sector, a heavy-duty truck traveling 10,000 kilometers per month with an average consumption of 38 liters per 100 kilometers could see its fuel costs reduced by approximately 1,383 yuan over the same period.

The next scheduled price adjustment date for 2026 is set for 24:00 on Friday, July 17th.