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Tonight, oil prices will increase. The government will continue to implement refined oil price regulation.
Reporters learned from the National Development and Reform Commission that as of 24:00 on April 7, the domestic prices of gasoline and diesel (standard grade) will be increased by 420 yuan per ton and 400 yuan per ton, respectively.
As mentioned, since the domestic refined petroleum product price adjustment on March 23, international crude oil prices have fluctuated significantly. Based on the current pricing mechanism, the highest retail prices for gasoline and diesel in this round should be raised by 800 yuan per ton and 770 yuan per ton, respectively. To mitigate the impact of international oil price increases on the domestic market, the state will continue to take regulatory measures for refined oil prices. After the regulation, the highest retail prices for gasoline and diesel are raised by 380 yuan and 370 yuan less per ton, respectively, which translates to 92-octane gasoline rising by 0.31 yuan less per liter and 0# diesel rising by 0.32 yuan less per liter.
(Source: CCTV News client)