Fuel Price Hike Confirmed: Next Adjustment Date Announced

Deep News09-06 18:50

The next fuel price adjustment is scheduled for Friday, September 11th at midnight, following the established pricing mechanism for refined oil products.

With the current pricing cycle now halfway complete, the trend has shifted from an initial decline to a projected increase, with estimated gains already surpassing 0.15 yuan per liter, making another price hike highly likely.

Escalating geopolitical tensions in the Middle East, particularly the heightened navigation risks in the Strait of Hormuz, have driven a rapid surge in the risk premium within the crude oil market. Consequently, both international and domestic crude prices have posted significant gains this week.

Calculations from the fifth working day of the cycle indicate that gasoline and diesel are expected to rise by 160 yuan per ton and 155 yuan per ton, respectively. Translated to retail prices, this equates to an increase of 0.13 yuan per liter for 92-octane gasoline and 0.14 yuan per liter for 95-octane gasoline, with 0-diesel also rising by 0.13 yuan per liter. Filling up a 50-liter tank is now projected to cost an additional 6.5 to 7 yuan.

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