According to reports from Beijing on July 3, the National Development and Reform Commission announced a price adjustment. Based on changes in international market oil prices, starting from 24:00 on July 3, the domestic prices for gasoline and diesel (standard products) will be reduced by 950 yuan and 915 yuan per ton, respectively.

This marks the third consecutive price cut and represents the largest single reduction in nearly six years, bringing diesel prices back to the "6-yuan era."

"For a private car, filling up a full tank will cost about 40 yuan less. For a truck, filling up a full tank will cost about 400 yuan less," said Tian Lei, Director of the Economic Research Center at the Energy Research Institute of the Chinese Academy of Macroeconomic Research.

The relevant official from the National Development and Reform Commission stated that companies including China National Petroleum Corporation (CNPC), China Petrochemical Corporation (Sinopec), and China National Offshore Oil Corporation (CNOOC), along with other crude oil processing enterprises, must organize the production and distribution of refined oil products effectively. They are required to ensure stable market supply and strictly implement the national pricing policies.