Oil prices increased at 24:00 on April 7: the price hikes for gasoline and diesel are announced; after this adjustment, they are below the estimated values

According to the latest arrangements, starting from 24:00 on April 7, the domestic refined oil prices will undergo a new round of adjustment, with both gasoline and diesel prices increasing. The background for this adjustment is the recent continuous rise in international oil prices. To mitigate the impact of external price fluctuations on the domestic market and consumers, relevant authorities continue to implement regulatory measures on refined oil prices, resulting in a final increase lower than the mechanism’s calculated estimate.

According to the current refined oil price formation mechanism calculation, during this adjustment cycle, the standard prices of domestic gasoline and diesel originally had significant room for upward adjustment. Specifically, the theoretical increase for gasoline is about 800 yuan per ton, and for diesel about 770 yuan per ton, with the increase rate being relatively high. If the calculation results were fully implemented, retail prices at the terminal would show more noticeable changes.

After comprehensively considering market affordability and operational stability, the final announced implementation results have moderated the increase. Starting from 24:00 on April 7, the actual increase for domestic gasoline standard prices is 420 yuan per ton, and for diesel standard prices is 400 yuan per ton. Compared to the estimated increase, the actual implementation level has significantly retreated, which to some extent alleviates the cost transmission pressure.

Latest prices of refined oil in Hebei Province and Guizhou Province after this adjustment

Following this adjustment, retail prices of domestic refined oil will change accordingly. For private car users who mainly rely on gasoline, the fuel costs will rise; for industries with high fuel demand such as logistics and transportation, operating costs will also increase simultaneously. However, the overall impact has been eased compared to a full implementation of the estimated increase.

From a market operation perspective, continuing to implement price regulation helps maintain relative stability in the domestic energy market amid intensified international oil price fluctuations, and also leaves room for production and business entities as well as consumers to adapt. Future refined oil prices will continue to be dynamically adjusted based on changes in the international market and the operation of the pricing mechanism, and the trend of the next adjustment window will also be closely monitored.