The National Development and Reform Commission announced on September 24 that since domestic refined oil prices were last adjusted on September 11, the geopolitical situation in the Middle East has grown increasingly complex, causing international crude oil prices to spike sharply before retreating, only to climb once more in recent days. To cushion the domestic impact of rising global oil costs, authorities have continued to implement regulatory measures on refined oil pricing.

Under the current pricing mechanism, starting at 24:00 on September 24, the benchmark prices for domestic gasoline and diesel are set to rise by 830 yuan and 800 yuan per tonne, respectively. However, after government intervention, the actual increases will be limited to 395 yuan and 385 yuan per tonne. This move is designed to ease the burden on consumers while maintaining market stability.

The commission will direct refined oil producers and distributors to ramp up output and logistics to guarantee steady supply. At the same time, market regulators will intensify oversight and inspection efforts, cracking down on any illegal activities such as failure to comply with national pricing policies. These actions aim to uphold orderly market operations and safeguard consumer interests.