Guangxi Fuel Prices Set for Midnight Adjustment: Gasoline and Diesel Rates to Rise Across the Board

Deep News09-11 21:29

Effective from 24:00 tonight, Guangxi will implement new ceiling prices for refined oil products, following the latest national pricing adjustment. Motorists in the region will see higher costs at the pump, with 92-octane gasoline rising to 8.35 yuan per liter and 95-octane gasoline climbing to 9.02 yuan per liter, while 0-diesel will be priced at 8.03 yuan per liter, according to a notice from the Guangxi Zhuang Autonomous Region Development and Reform Commission.

This round of adjustment comes after domestic refined oil prices were last modified on August 28. Since then, escalating conflicts between the United States and Iran have driven a sustained surge in international crude oil prices, putting pressure on the domestic market. To cushion the domestic impact of rising global oil costs, the National Development and Reform Commission has decided, while maintaining the existing pricing mechanism framework, to implement temporary control measures on domestic refined oil prices.

Based on the current pricing formula, the standard gasoline and diesel prices should technically have increased by 435 yuan and 420 yuan per ton respectively on September 11. However, after applying the temporary regulatory measures, the actual price hikes have been moderated to 260 yuan and 250 yuan per ton, limiting the burden on consumers and businesses.

Following this adjustment, specific fuel prices in Guangxi have been updated as follows: National VIB standard 89-octane gasoline moves from 7.58 yuan to 7.77 yuan per liter, an increase of 0.19 yuan per liter; 92-octane gasoline moves from 8.14 yuan to 8.35 yuan per liter, up 0.21 yuan per liter; 95-octane gasoline moves from 8.80 yuan to 9.02 yuan per liter, up 0.22 yuan per liter; and National VI standard 0-diesel rises from 7.81 yuan to 8.03 yuan per liter, also up 0.22 yuan per liter.

All refined oil sales enterprises are required to strictly adhere to and actively publicize the national pricing policy. They must clearly label all prices and display the updated rates prominently at their outlets. Local authorities have been instructed to strengthen supervision and inspection of post-adjustment prices to maintain orderly market operations.

Consumers who encounter suspected price violations can lodge complaints through the 12315 platform. The new maximum retail price schedule for the Guangxi market takes effect from 24:00 on September 11, 2026. All listed prices already include consumption tax, value-added tax, urban maintenance and construction tax, as well as education surcharges.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment