Since the domestic refined oil price adjustment on September 11, the geopolitical situation in the Middle East has been complex and volatile, with international crude oil prices rising rapidly before falling back, and recently surging again.

In order to mitigate the impact of rising international oil prices on the domestic market, the state has continued to take regulatory measures on refined oil prices.

According to calculations based on the current pricing mechanism, starting from 24:00 on September 24, the prices of domestic gasoline and diesel (standard grade) should have been raised by 830 yuan and 800 yuan per tonne respectively, but after regulation, the actual increases were 395 yuan and 385 yuan.

The National Development and Reform Commission will guide refined oil production and sales enterprises to make every effort to ensure production and transportation of refined oil, guarantee stable market supply, and cooperate with relevant departments to strengthen market supervision and inspection, strictly investigate and punish illegal activities such as failure to comply with national price policies, effectively maintain market order, and protect consumer interests.