The state has implemented temporary regulatory measures for finished oil prices.

CryptocurrencySniper · 2026-03-23T07:13:22+00:00

Since the adjustment on March 9, international crude oil prices have surged significantly due to conflicts between the US, Israel, and Iran, particularly affecting the Middle East region. To alleviate downstream burden and safeguard the economy, domestic refined oil prices have undergone temporary regulatory adjustments, with actual price reductions of 1160 yuan and 1115 yuan for gasoline and diesel respectively, ensuring market supply and protecting consumer interests.

CryptocurrencySniper

2026-03-23 07:13:22

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Since the domestic refined oil price adjustment on March 9, international crude oil prices have surged sharply due to escalating conflicts between the US, Israel, and Iran, with Middle Eastern crude reaching record highs. To mitigate the impact of abnormal international oil price increases, reduce the burden on downstream users, ensure stable economic operation, and safeguard social well-being, temporary regulatory measures have been taken to adjust domestic refined oil prices while maintaining the current pricing mechanism framework.

According to the current pricing mechanism, on March 23, the domestic gasoline and diesel prices (standard products) should each increase by 2,205 yuan and 2,120 yuan per ton, respectively. After adjustment, the actual increases are 1,160 yuan and 1,115 yuan.

The National Development and Reform Commission will guide refined oil producers and sellers to organize production and transportation efforts to ensure market supply. It will also cooperate with relevant departments to strengthen market supervision and inspection, strictly investigate violations such as non-compliance with national pricing policies, and effectively maintain market order and protect consumer interests.

(Source: National Development and Reform Commission website)

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