Domestic Fuel Prices Set for Adjustment at Midnight

China's domestic refined oil product prices are scheduled for adjustment starting at 24:00 tonight, according to information from the National Development and Reform Commission (NDRC).

Monitoring data from the NDRC's price monitoring center indicates that during the latest pricing cycle, international oil prices initially fell before subsequently rising.

Effective from midnight, the prices for domestic gasoline and diesel will be reduced by 525 yuan and 505 yuan per ton, respectively.

On a national average basis, this translates to reductions of 0.41 yuan per liter for 92-octane gasoline, 0.44 yuan per liter for 95-octane gasoline, and 0.43 yuan per liter for 0-diesel.

To illustrate the impact, filling a 50-liter tank with 92-octane gasoline will now cost approximately 20.5 yuan less.

Costs for the logistics sector are also expected to decrease. For instance, a heavy-duty truck covering 10,000 kilometers per month with a fuel consumption of 38 liters per 100 kilometers will see its fuel costs reduced by around 763 yuan over the next half-month period.