The latest adjustment cycle for domestic refined oil products, which began on August 28, has coincided with renewed tensions in the US-Iran conflict, driving international crude prices sharply higher. This has led to another abnormal surge in oil prices, particularly within the Middle East region.

To mitigate the impact of rising global oil prices on the domestic economy and ensure stability for both economic operations and the daily lives of citizens, temporary control measures have been implemented for domestic refined oil prices. These actions are taken within the framework of the current pricing mechanism.

Based on calculations from the existing pricing system, the price of domestic gasoline and diesel (standard products) was slated to increase by RMB 435 and RMB 420 per ton, respectively, on September 11. Following the implementation of the regulatory measures, the actual increases will be limited to RMB 260 and RMB 250 per ton.

The National Development and Reform Commission will guide refined oil production and sales enterprises to fully ensure the production and transportation of these fuels, guaranteeing stable market supply. In coordination with relevant departments, the commission will also intensify market supervision and inspection efforts. Strict penalties will be imposed for any illegal or non-compliant activities, such as failing to adhere to national pricing policies, in order to maintain market order and protect consumer interests.