On September 24, the National Development and Reform Commission announced that since the domestic refined oil price adjustment on September 11, the geopolitical situation in the Middle East has been complex and volatile, and international crude oil prices have risen rapidly before pulling back, only to surge again in recent days.

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

Based on the current pricing mechanism, domestic gasoline and diesel prices should have been raised by 830 yuan and 800 yuan per ton respectively starting from 24:00 on September 24, but after regulation the actual increases were 395 yuan and 385 yuan.

As a result, the price of 92-grade gasoline in Lanzhou rose to 8.61 yuan per liter, 95-grade gasoline rose to 9.20 yuan per liter, and 0-grade diesel rose to 8.20 yuan per liter.

After the policy took effect, consumers' fuel costs increased somewhat. Filling up a small private car with a 50-liter tank with 92-grade gasoline will cost 15.5 yuan more than before.

For a small private car driven 2,000 kilometers per month with fuel consumption of 8 liters per 100 kilometers, consumer fuel costs will increase by 35 yuan before the next price adjustment window at 24:00 on October 15.

Costs for the logistics industry have also risen. For a heavy truck driven 10,000 kilometers per month with fuel consumption of 38 liters per 100 kilometers, the fuel cost per vehicle will increase by about 878 yuan before the next price adjustment window opens.