Fuel Prices Set for Major Hike Tomorrow

Deep News07-30 19:30

A new round of adjustments to domestic refined oil product prices is scheduled for 24:00 on July 31st, marking the third price change for gasoline and diesel in July. After nine working days of the statistical cycle, which spans ten working days, the outlook for motor fuel costs has significantly shifted.

Driven by a sharp rise in international crude oil prices, the rate of change in crude oil has reached 13.32%. Current projections indicate an increase of 680 yuan per ton in fuel prices. Based on these estimates, gasoline and diesel prices are expected to surge by between 0.52 yuan and 0.61 yuan per liter starting tomorrow evening.

Note: In accordance with national regulations, the prices of gasoline and diesel are adjusted every ten working days. The adjustment takes effect at 24:00 on the day the price change is announced.

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