Starting from 24:00 on April 7th, after government regulation, domestic gasoline and diesel prices will increase by 420 yuan and 400 yuan per ton, respectively.

According to a message from the NDRC, since the adjustment to domestic refined oil prices on March 23, international crude oil prices have seen large fluctuations. To mitigate the impact on the domestic market from international oil price increases, the state continues to take regulatory measures for refined oil prices. According to the refined oil pricing mechanism calculation, effective from 24:00 on April 7, domestic gasoline and diesel (standard grade) prices should be increased by 800 yuan per ton and 770 yuan per ton, respectively; after regulation, the actual increases are 420 yuan and 400 yuan.

After the adjustment, the retail price ceilings for gasoline and diesel will increase by 380 yuan and 370 yuan less per ton, respectively; this translates to 92-octane gasoline increasing by 0.31 yuan less per liter, and No. 0 diesel increasing by 0.32 yuan less per liter.

PetroChina, Sinopec, CNOOC, and other crude oil processing companies should organize refined oil production and distribution/transportation to ensure stable market supply and strictly implement the state’s price policies. Relevant local authorities should increase efforts in market supervision and inspections, severely investigate and punish conduct that fails to comply with the state’s price policies, and maintain normal market order. Consumers can report price-violation conduct through the 12315 platform.