Domestic Fuel Prices Set to Rise Tonight Amid Government Intervention

Deep News09-11 20:32

Since the adjustment of domestic refined oil product prices on August 28, the renewed escalation of the U.S.-Iran conflict has driven international crude oil prices to surge persistently, with a particularly abnormal spike observed in Middle East oil prices. To cushion the domestic impact of rising global oil prices and ensure stable economic operations and social welfare, temporary control measures on domestic refined oil product prices will be implemented within the existing pricing mechanism framework.

Based on calculations under the current pricing mechanism, the standard prices for domestic gasoline and diesel were slated to rise by 435 yuan and 420 yuan per tonne, respectively, on September 11. However, following the regulatory adjustments, the actual increases will be capped at 260 yuan and 250 yuan per tonne. The National Development and Reform Commission will guide refined oil production and sales enterprises to fully ensure production and transportation, guaranteeing stable market supply. It will also work with relevant departments to intensify market oversight and enforcement, severely cracking down on illegal activities such as failure to implement national pricing policies, thereby safeguarding market order and protecting consumer interests.

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