New Fuel Price Adjustments Announced for Shandong, Effective July 17

According to an announcement from the National Development and Reform Commission, the domestic refined oil product price adjustment window will open at 24:00 today. Based on monitoring by the NDRC's price monitoring center, international oil prices have fluctuated and risen during this latest price adjustment cycle, which ran from July 3 at 24:00 to July 17 at 24:00. Starting from July 17 at 24:00, the maximum retail prices for domestic gasoline and diesel will increase by 300 yuan and 290 yuan per ton, respectively.

On a national average basis, the prices for 92-octane gasoline, 95-octane gasoline, and 0-grade diesel will increase by 0.24 yuan, 0.25 yuan, and 0.25 yuan per liter, respectively. For a private car owner filling up a standard 50-liter tank with 92-octane gasoline, this price adjustment will result in an additional cost of approximately 12 yuan per refuel.

Effective from July 17, 2026, at 24:00, the maximum wholesale and retail prices for gasoline and diesel in the province will be lowered by 300 yuan and 290 yuan per ton, respectively. Details regarding the adjusted maximum wholesale and retail prices for various grades of gasoline and diesel, along with related matters, are provided in the accompanying table.

Key Notes:

1. The prices for gasoline and diesel (National Standard VI benchmark products) supplied by refined oil production and operation enterprises for state reserves are 8,475 yuan and 7,460 yuan per ton, respectively.

2. The gasoline and diesel prices listed in the table conform to the mandatory National Standard VI-B for automotive gasoline and National Standard VI for automotive diesel.

3. The maximum retail price for ethanol-blended gasoline (E10) will be implemented at the same price as the maximum retail price for gasoline of the same octane rating.

4. The prices listed include consumption tax, value-added tax, as well as urban construction tax and education surcharges.

5. Other relevant price policies will be implemented in accordance with the NDRC's "Petroleum Price Management Measures" and the current price policy regulations of the province.