Since the domestic refined oil price adjustment on October 15, escalating geopolitical tensions in the Middle East have driven international crude oil prices sharply higher.
To cushion the impact on the domestic market, the government has once again taken regulatory measures on refined oil prices.
Based on calculations under the current pricing mechanism, from midnight on October 29, the prices of domestic gasoline and diesel (standard grade) should have been raised by 440 yuan and 420 yuan per ton respectively.
Taking into account both the need to ease the burden on downstream users and to ensure the safe and stable supply of refined oil, the actual increases after regulation were 345 yuan and 335 yuan per ton.
The National Development and Reform Commission will guide refined oil production and sales enterprises to make every effort in production and distribution, ensuring stable market supply.
It will also work with relevant departments to intensify market supervision and inspection, strictly investigate and punish illegal activities such as non-compliance with national pricing policies, and effectively maintain market order and protect consumer interests.
After the adjustment, the maximum retail prices of gasoline and diesel across various regions in Yunnan Province are as follows ↓↓↓
Source: National Development and Reform Commission WeChat public account, Yunnan Release
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