Under the refined oil pricing mechanism, the next fuel price adjustment will take effect at 24:00 on October 29 (next Thursday).
Latest update on the October 24 fuel price adjustment: international oil prices rose significantly. As of the close on October 23, light crude oil futures for December delivery on the New York Mercantile Exchange climbed $3.80 to settle at $103.27 per barrel, a gain of 3.82%. London Brent crude oil futures for December delivery rose $3.55 to settle at $116.72 per barrel, up 3.14%.
Fuel price forecast: Eight days have passed since the suspended adjustment on the evening of last Thursday. Driven by continued gains in international oil prices during this period, fuel prices in October have resumed their upward trend. The current international crude oil change rate has exceeded 5.40%, and fuel prices are projected to rise by 305 yuan per ton (0.23 yuan to 0.28 yuan per liter).
Looking at this year's fuel price trajectory, 20 rounds of adjustments have been completed in 2026, with more increases than decreases overall: 13 upward adjustments, 2 suspensions, and 5 downward adjustments. Compared with prices at the start of the year, gasoline has risen by a cumulative 2,375 yuan per ton and diesel by a cumulative 2,290 yuan per ton, equivalent to an increase of 1.9 yuan to 2.03 yuan per liter.
Current national average reference fuel prices: No. 92 gasoline at 8.59 yuan per liter, No. 95 gasoline at 9.17 yuan per liter, and No. 0 diesel at 8.27 yuan per liter. (The increases cited in this article are institutional estimates and projections only; the final adjustment magnitude shall be subject to official announcements.)
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