Latest Forecast for the Upcoming Fuel Price Adjustment

Under the fuel pricing mechanism, the next round of adjustments is scheduled for 24:00 on November 12, which falls on next Thursday.

Influenced by the recent pattern of more declines than gains in international crude oil prices, the current crude oil change rate has reached -5.10%, and fuel prices are projected to be cut by 280 yuan per tonne.

Based on that expected reduction, gasoline and diesel prices would fall by 0.21 yuan to 0.25 yuan per litre. For an ordinary family car with a 50-litre tank, filling up would save 10.5 to 12.5 yuan.

A reminder: this is only forecast data for the current pricing cycle, and the final adjustment result is subject to the notice from the National Development and Reform Commission on November 12.

International oil prices edged higher on the 6th. At the close of trading that day, the December light crude futures contract on the New York Mercantile Exchange rose 31 cents, or 0.34%, to settle at 90.83 US dollars per barrel; the January London Brent crude futures contract rose 3 cents, or 0.03%, to settle at 98.32 US dollars per barrel.