Oil Prices Set to Rise at Midnight Tonight

Deep News16:01

The latest data from the national pricing authority shows that the domestic refined oil product price adjustment window will open at midnight tonight (August 28). According to monitoring from the price monitoring center, international crude oil prices have been fluctuating during the current adjustment cycle, which spans from August 14 to August 28.

Starting at midnight tonight, the retail price caps for gasoline and diesel will be raised by 375 yuan and 360 yuan per tonne, respectively. On a national average basis, this means that 92-octane gasoline, 95-octane gasoline, and 0-octane diesel will each see price increases of 0.29 yuan, 0.31 yuan, and 0.31 yuan per liter.

For an average private car owner, this adjustment means that filling up a standard 50-liter tank with 92-octane gasoline will now cost an additional 14.5 yuan. This price hike reflects the recent movements in the global oil market and will take effect across all fuel stations nationwide.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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According to monitoring from the price monitoring center, international crude oil prices have been fluctuating during the current adjustment cycle, which spans from August 14 to August 28.Starting at midnight tonight, the retail price caps for gasoline and diesel will be raised by 375 yuan and 360 yuan per tonne, respectively. On a national average basis, this means that 92-octane gasoline, 95-octane gasoline, and 0-octane diesel will each see price increases of 0.29 yuan, 0.31 yuan, and 0.31 yuan per liter.For an average private car owner, this adjustment means that filling up a standard 50-liter tank with 92-octane gasoline will now cost an additional 14.5 yuan. 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