A new pricing cycle for refined oil products in China commenced on July 20th, with the adjustment window set for 24:00 on July 31st, marking the final fuel price revision for the month.
On the first working day of the cycle, July 20th, initial data indicated a significant upward trend. Current institutional forecasts predict a rise of 500 yuan per ton for gasoline and 480 yuan per ton for diesel.
When converted to retail prices, this translates to an increase of approximately 0.40 yuan per liter for 92-octane gasoline, 0.43 yuan per liter for 95-octane gasoline, and 0.41 yuan per liter for 0-grade diesel.
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