Significant Reduction in Domestic Fuel Prices Announced

Deep News16:51

Authorities have announced a substantial decrease in the prices of refined oil products in the domestic market, effective from midnight tonight.

According to monitoring data, international oil prices experienced a pattern of initial decline followed by an increase during the latest domestic fuel price adjustment cycle.

Starting at 24:00 today, the prices for gasoline and diesel will be reduced by 525 yuan and 505 yuan per ton, respectively. On average across the country, 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-grade diesel.

For consumers, this means a notable saving at the pump. For instance, filling a 50-liter tank with 92-octane gasoline will now cost approximately 20.5 yuan less.

The logistics industry will also benefit from lower operational costs. Taking a heavy-duty truck that travels 10,000 kilometers per month with a fuel consumption of 38 liters per 100 kilometers as an example, the fuel cost for a single vehicle is projected to decrease by around 763 yuan over the next half-month period.

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