Fuel Prices Set to Drop Tonight

Deep News
Aug 14

According to the National Development and Reform Commission, the price adjustment window for domestic refined oil products will open at 24:00 today (August 14th). Monitoring by the Price Monitoring Center of the National Development and Reform Commission indicates that during this adjustment cycle (from 24:00 on July 31st to 24:00 on August 14th), international oil prices initially fell before rebounding.

Starting from 24:00 on August 14th, the retail price caps for gasoline and diesel in China will be reduced by 230 yuan and 220 yuan per tonne, respectively. On a nationwide average, the price per liter of 92-octane gasoline, 95-octane gasoline, and 0-diesel will decrease by 0.18 yuan, 0.19 yuan, and 0.19 yuan, respectively.

Following this confirmed reduction in retail price caps, a private car filling up a standard 50-liter tank of 92-octane gasoline will save 9 yuan per refill.

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