An adjustment to oil prices is scheduled for 11 September at midnight, marking the 18th such change this year. This comes amid escalating geopolitical tensions in the Middle East, which have increased risk premiums in the crude oil market due to threats to shipping through the Strait of Hormuz.

Reflecting these concerns, a noticeable surge has been recorded in both international and domestic crude oil prices this week. According to calculations made on the fifth working day of the monitoring period, gasoline and diesel prices are projected to rise by 160 yuan and 155 yuan per tonne, respectively.

For consumers at the pump, this translates to an estimated increase of 0.13 yuan per liter for 92-octane gasoline, 0.14 yuan per liter for 95-octane gasoline, and 0.13 yuan per liter for 0-diesel. As a result, filling up a standard 50-litre tank will cost between 6.5 and 7 yuan more than before.

It is important to note that these figures are just preliminary forecasts from institutional analyses. The official adjustment magnitude will be confirmed by the National Development and Reform Commission (NDRC), and the final price change will be the one that takes effect.