Motorists should prepare for another significant price hike at the pump. Starting tomorrow at midnight (August 28th), domestic refined oil prices will undergo a new round of adjustment, with forecasts indicating a substantial increase that could add more than 14 yuan to the cost of filling a standard tank.

Driven by the continued upward trend in international crude oil prices, the expectation for an increase has been steadily rising and has now entered a zone of significant upward adjustment. If this market trend persists, the prices of 92-octane and 95-octane gasoline will see their 11th increase of the year following this adjustment.

According to institutional forecasts, domestic gasoline and diesel prices are expected to rise by 360 yuan per ton. After conversion, this equates to an increase of 0.28 to 0.30 yuan per liter. For a typical 50-liter fuel tank, this means motorists will spend an additional 14 to 15 yuan per fill-up.

Following the price drop on August 14th, the 2026 calendar has seen a total of 16 price adjustments for refined oil. These have consisted of "1 adjustment being put on hold, 10 increases, and 5 decreases." However, looking at the overall picture for the year, cumulative increases have reached 1,345 yuan per ton for gasoline and 1,295 yuan per ton for diesel. This represents a substantial rise of more than 1.03 yuan per liter in fuel costs throughout the year.