The National Development and Reform Commission announced on July 31 via its official website an adjustment to domestic refined oil product prices. Since the last price adjustment on July 17, international crude oil prices have experienced sharp volatility, with continuous substantial gains followed by declines before surging again recently. The average price over the 10 working days prior to this adjustment is higher than the average over the 10 working days before the previous adjustment. In response to changes in international oil prices, effective from 24:00 on July 31, domestic gasoline and diesel (standard product) prices will increase by 685 yuan and 655 yuan per tonne, respectively.
According to information from the Shandong Provincial Development and Reform Commission website, following the National Development and Reform Commission's price adjustment notice, the maximum wholesale and retail prices for gasoline and diesel in the province will rise by 685 yuan and 655 yuan per tonne, respectively, starting from 24:00 on July 31, 2026. Details on the adjusted maximum wholesale and retail prices for various grades of gasoline and diesel in the province, along with related matters, are provided in the attached table.
This marks the 10th fuel price increase this year. Based on Shandong's maximum retail prices for refined oil products, the price of 92-octane gasoline will rise by 0.55 yuan per liter; 95-octane gasoline by 0.59 yuan per liter; and 0-diesel by 0.56 yuan per liter. For an average family car with a 50-liter fuel tank, filling up with 95-octane gasoline will cost approximately 30 yuan more, while filling up with 92-octane gasoline will cost about 27.5 yuan more.
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