Petrol and Diesel Prices Set to Rise Tonight

Deep News15:31

According to reports from state media, the National Development and Reform Commission announced on July 31 that the domestic refined oil product price adjustment window will open at midnight tonight.

Monitoring by the NDRC's Price Monitoring Center shows that during this adjustment cycle (from July 17 to July 31), international oil prices experienced more gains than losses and showed a phase of volatile trends, influenced by factors such as recurring military conflicts between the US and Iran. The average price for this cycle was significantly higher than the previous one.

Starting at midnight on July 31, domestic retail price caps for gasoline and diesel will be raised by 685 yuan and 655 yuan per tonne, respectively. Nationwide averages indicate that 92-octane gasoline, 95-octane gasoline, and 0-diesel will increase by 0.54 yuan, 0.57 yuan, and 0.56 yuan per liter.

A calculation shows that filling a standard 50-liter tank of 92-octane gasoline will cost an additional 27 yuan.

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