Oil prices are increasing tonight, and it will cost an extra 27.5 yuan to fill up one tank! Hurry and refuel after work.

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The National Development and Reform Commission announced today that the retail prices of refined oil products in China will begin to increase starting at 24:00 on March 9. According to the Price Monitoring Center of the National Development and Reform Commission, during this cycle of fuel price adjustments, international oil prices have surged significantly due to the ongoing escalation of the US-Iran conflict.

Starting from 24:00 on March 9, the retail prices of gasoline and diesel in China will increase by 695 yuan and 670 yuan per ton, respectively. On average nationwide, 92-octane gasoline, 95-octane gasoline, and zero diesel will each rise by 0.55 yuan, 0.58 yuan, and 0.57 yuan per liter. Based on these figures, filling a 50-liter tank with 92-octane gasoline will cost an additional 27.5 yuan.

Recently, international oil prices have been volatile and rising. PetroChina, Sinopec, CNOOC, and other crude oil processing companies are advised to organize production and transportation of refined oil to ensure stable market supply and strictly follow national pricing policies. Local authorities should strengthen market supervision and inspection, crack down on violations of national pricing policies, and maintain normal market order. Consumers can report price violations through the 12315 platform.

*Source: CCTV Finance, China News Service

Source: Qilu Evening News

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