Oil Price Hike Expected at Midnight Tomorrow

Deep News08-27 21:31

A fresh reminder for motorists: at 24:00 on August 28th, domestic refined oil product prices will undergo a new round of adjustment, with expectations of a significant price surge that could see the cost of a full tank rise by up to 14 yuan.

Driven by the sustained upward trend in international crude oil, the projected increase has been climbing steadily and has now entered a substantial upward adjustment range. If this market momentum persists, the upcoming price adjustment for this cycle will mark the 11th increase this year for both 92-octane and 95-octane gasoline.

According to institutional forecasts, domestic gasoline and diesel prices are expected to be raised by 360 yuan per tonne. After conversion, this translates to an increase of 0.28 to 0.30 yuan per liter. Consequently, filling up a 50-liter tank of gasoline is projected to cost motorists an additional 14 to 15 yuan.

Following the price drop on August 14th, the 2026 calendar year has seen a total of 16 price adjustments, which include 1 instance of a halt in adjustment, 10 increases, and 5 decreases. However, when considering the overall trend for the year, gasoline prices have cumulatively risen by 1,345 yuan per tonne, and diesel by 1,295 yuan per tonne, representing a significant surge of over 1.03 yuan per liter for refined oil products.

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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