Fuel prices in China are set for a reduction starting from midnight tonight.

The National Development and Reform Commission (NDRC) has announced the opening of the domestic refined oil price adjustment window. According to monitoring by the NDRC's price monitoring center, international oil prices fluctuated during this pricing cycle, initially falling before rising again.

Effective from 24:00 today, the prices for domestic gasoline and diesel will be lowered by 525 yuan and 505 yuan per tonne, respectively. On average nationwide, this translates to reductions of 0.41 yuan per liter for 92-octane gasoline, 0.44 yuan per liter for 95-octane gasoline, and 0.43 yuan per liter for 0-grade diesel.

For a typical driver filling a 50-liter tank with 92-octane gasoline, the savings will amount to approximately 20.5 yuan.

The logistics sector will also benefit from lower operating costs. For a heavy-duty truck traveling 10,000 kilometers per month with a fuel consumption of 38 liters per 100 kilometers, the reduction in fuel costs over the next half-month period is estimated to be around 763 yuan per vehicle.