Market Shift Ahead: Major Fuel Price Hike Expected

Deep News07-30 16:48

Residents of Jiaxing should make plans to fill up their tanks ahead of schedule. A significant price adjustment is coming at midnight on July 31st.

This current pricing cycle, which spans 10 working days, has been heavily influenced by a sharp rebound in international oil prices today. The resulting crude oil change rate has surged to 13.32%.

The projected increase is estimated at 680 yuan per ton. Based on this current forecast, the price of gasoline and diesel is expected to rise by between 0.52 yuan and 0.61 yuan per liter by tomorrow evening.

This adjustment will push the price of 95-octane gasoline back into the “8 yuan per liter” range.

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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