Following the domestic refined oil price adjustment on August 28, the renewed conflict between the US and Iran has driven international crude oil prices to surge continuously, with Middle East crude experiencing another abnormal spike. To mitigate the impact of rising global oil prices on the domestic market and ensure economic stability and social welfare, temporary control measures on domestic refined oil prices will be implemented while maintaining the existing pricing mechanism framework.
Based on the current pricing mechanism, gasoline and diesel (standard products) prices were set to increase by 435 yuan and 420 yuan per tonne respectively on September 11. After the adjustment, the actual increases will be limited to 260 yuan and 250 yuan per tonne. The National Development and Reform Commission will guide refined oil production and sales enterprises to fully ramp up production and transportation to guarantee stable market supply, while also coordinating with relevant authorities to intensify market supervision and inspection, strictly penalizing illegal activities such as failure to comply with national pricing policies, thereby safeguarding market order and protecting consumer interests.