Oil Price Adjustment Notice: Domestic Fuel Prices Set to Rise Again on October 29

Deep News10-26 18:20

Under the refined oil pricing mechanism, the next round of fuel price adjustments will take effect at midnight on October 29 (Thursday this week).

This pricing cycle covers 10 working days, and 7 working days of statistics have already been completed as of today. Influenced by the continuous rise in international oil prices last week, the current international crude oil change rate has reached 6.17%. Gasoline and diesel prices are projected to increase by 345 yuan per ton, which translates to a rise of 0.26 yuan to 0.31 yuan per liter at the pump.

At this stage, the probability of a fuel price hike in this cycle is already very high, and there remains room for further increases. If the current forecast materializes, domestic 92-octane and 95-octane gasoline prices may hit new highs after the October 29 adjustment.

The final adjustment prices for this round are subject to the announcement by the National Development and Reform Commission. Drivers who need to refuel may wish to plan their fueling time accordingly.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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