Fuel prices are experiencing a significant decline. Could this mark a complete reversal in the oil market trend? Following a recent drop of 0.42 yuan per liter for 92-octane gasoline, the market is now speculating about a potential second consecutive price cut. The next scheduled price adjustment is set for June 18th. Here are the latest updates on fuel price adjustments.
Time is moving quickly, and we are already in early June 2026. With the month now underway, many are closely monitoring the overall situation regarding fuel prices. This is particularly relevant as the Dragon Boat Festival holiday approaches, with numerous people planning trips home. Fluctuations in fuel prices directly impact daily travel costs for everyone.
Reviewing the overall fuel price adjustments for 2026 so far, domestic refined oil prices have undergone 11 adjustment cycles since the start of the year. Following these 11 adjustments, the price pattern has solidified into 8 increases, 2 decreases, and 1 instance where prices remained unchanged.
Throughout May, prices saw two consecutive increases, with the cumulative rise for 92-octane gasoline reaching 395 yuan per ton. However, entering June, as international crude oil shipping risks have gradually eased, prices for US crude and London Brent crude have shown a downward trend.
Consequently, in the latest adjustment for gasoline and diesel prices completed on June 4th, prices experienced a substantial drop. According to relevant data released by China's national development and reform authorities, prices for 92-octane and 95-octane gasoline, as well as 0-grade diesel, fell by approximately 525 yuan per ton. After the price of 92-octane gasoline decreased by 0.42 yuan per liter, a new round of adjustments for gasoline and diesel prices is scheduled to commence at 24:00 on June 18th.
Given that June 19th marks the Dragon Boat Festival holiday, the key question is whether fuel prices can achieve a third decrease for 2026 based on current international crude oil price performance. This is the most critical issue at present.
Looking at the current reference change rates for international crude oil varieties, prices for US crude and London Brent crude have also declined since the start of the current adjustment cycle. As of the time of this report, international oil prices have fallen by around 3%. US crude is currently quoted at $93.04 per barrel, a decrease of 3.10%, while London Brent crude is at $95.03 per barrel, down 2.84%.
Therefore, following the recent price cut, the next adjustment for gasoline and diesel prices may very well result in another decrease. Based on current statistics from the reference change rates for international crude oil varieties, it is projected that in the upcoming price adjustment set for implementation at 24:00 on June 18th, domestic gasoline and diesel prices could drop by 60 yuan per ton. This would translate to a retail price decrease of 0.05 to 0.06 yuan per liter for 92-octane gasoline.
It is important to note that this data is predictive. There are still several days until the new adjustment window at 24:00 on June 18th, so it is crucial to closely monitor the overall performance of international crude oil prices in the coming days. At the very least, based on current international oil price conditions, a downward trend for fuel prices is gradually taking shape.
The third fuel price decrease of 2026 may arrive on June 18th, potentially forming a pattern of two consecutive drops. It is helpful for everyone to have a basic understanding of this possibility.
The information above constitutes the latest updates on fuel price adjustments. For travel planning, individuals should consider their specific needs and proceed to refuel at service stations in an orderly manner. Below is a detailed look at the latest quoted prices for 92-octane and 95-octane gasoline, as well as 0-grade diesel, at service stations across various regions.
Note: The fuel price data presented is sourced from public financial information networks. This article is intended as a personal record of market conditions based on publicly available data and casual observations, aiming to facilitate discussion and exchange. It does not constitute any form of investment or trading advice. Fuel price data is subject to significant market fluctuations; please refer to real-time quotations at local service stations for the most accurate information. Wishing everyone pleasant refueling and safe travels.
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