Effective at midnight on July 31, domestic refined oil product prices are set to be adjusted. Over the 10 working days of the statistical cycle for this adjustment, influenced by international crude oil prices, the current crude oil price change rate has reached 14.64%.
This translates to an expected increase of 780 yuan per ton in oil prices. Based on this anticipated rise, gasoline and diesel prices are projected to increase further by between 0.59 yuan and 0.70 yuan per liter this week.
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Source: CCTV Finance