Oil Prices Set to Shift Tonight as Authorities Roll Out Temporary Measures

Deep News
1 hour ago

According to official reports from September 11, since domestic refined oil prices were last adjusted on August 28, escalating tensions between the US and Iran have driven international crude prices sharply higher, with a notable abnormal surge again seen in Middle East oil prices. To cushion the domestic impact of rising global oil costs and ensure steady economic performance and social welfare, temporary control measures on domestic refined oil prices have been introduced while keeping the existing pricing mechanism framework intact.

Based on calculations under the current pricing system, gasoline and diesel standard product prices were due to rise by 435 yuan and 420 yuan per tonne respectively on September 11. However, following the implementation of these temporary adjustments, the actual increases have been set at 260 yuan and 250 yuan per tonne. The National Development and Reform Commission will guide refined oil producers and distributors to ramp up output and logistics efforts to guarantee stable market supply, while also supporting relevant authorities in strengthening market supervision and crackdowns on illegal practices such as failure to comply with national pricing policies, in order to maintain market order and safeguard consumer interests.

These measures reflect a focused response to mitigate external price pressures and prioritize economic stability during a period of heightened geopolitical uncertainty.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10