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

MetaMuskRat · 2026-03-24T16:02:38+00:00

Due to a significant surge in international crude oil prices, the National Development and Reform Commission decided to implement temporary price controls on domestic refined oil products to reduce the burden on downstream users. Starting March 23, gasoline and diesel prices were actually reduced by 1160 yuan and 1115 yuan, respectively.

MetaMuskRat

2026-03-24 16:02:38

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People’s Financial News, March 23 — According to the National Development and Reform Commission, since the domestic refined oil price adjustment on March 9, international crude oil prices have surged significantly due to escalating conflicts between the US, Israel, and Iran, with Middle Eastern crude reaching new record highs. To mitigate the impact of the abnormal rise in international oil prices, reduce the burden on downstream users, ensure stable economic operation, and safeguard social welfare, temporary regulatory measures have been implemented on domestic refined oil prices based on the current pricing mechanism framework. According to the existing price mechanism, as of March 23, the domestic gasoline and diesel prices (standard grade) should each increase by 2,205 yuan and 2,120 yuan per ton respectively. After regulation, the actual increase is 1,160 yuan and 1,115 yuan.

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