China's domestic refined oil product prices will be adjusted starting at midnight tonight, according to the National Development and Reform Commission (NDRC).

Monitoring data from the NDRC's price monitoring center indicates that international oil prices initially fell and then rose during the current pricing cycle.

Effective from midnight, the price of gasoline will be reduced by 525 yuan per ton, and the price of diesel will be cut by 505 yuan per ton.

On average nationwide, the retail prices for 92-octane gasoline, 95-octane gasoline, and 0-grade diesel will decrease by 0.41 yuan, 0.44 yuan, and 0.43 yuan per liter, respectively.

For a typical passenger car with a 50-liter tank, filling it with 92-octane gasoline will now cost about 20.5 yuan less.

The logistics industry will also see a reduction in operating costs. For example, a heavy-duty truck traveling 10,000 kilometers per month with a fuel consumption of 38 liters per 100 kilometers will see its fuel costs drop by approximately 763 yuan over the next half-month period.