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

LightningPacketLoss · 2026-03-25T20:53:11+00:00

Due to escalating US-Israel-Iran conflicts, international crude oil prices have surged, leading to temporary adjustments in domestic refined oil prices. On March 23rd, while domestic gasoline and diesel prices were expected to increase, actual regulatory adjustments resulted in decreases of 1160 yuan and 1115 yuan respectively, to alleviate user burden, ensure market supply, and protect consumer interests.

LightningPacketLoss

2026-03-25 20:53:11

Abstract generation in progress

Source: People’s Finance News Author: Zhu Yumeng

People’s Finance 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 U.S., Israel, and Iran, with Middle Eastern crude reaching record highs. To mitigate the impact of abnormal international oil price increases, ease the burden on downstream users, ensure stable economic operation, and protect social livelihoods, temporary regulatory measures have been implemented on domestic refined oil prices based on the current pricing mechanism framework.

According to the current pricing mechanism, as of March 23, the domestic prices for gasoline and diesel (standard products) should each increase by 2,205 yuan and 2,120 yuan per ton, respectively. After adjustment, the actual increases are 1,160 yuan and 1,115 yuan.

The National Development and Reform Commission will guide refined oil production and sales enterprises to fully organize production and transportation to ensure market supply. It will also coordinate with relevant departments to strengthen market supervision and inspection, strictly investigate violations such as non-compliance with national pricing policies, and effectively maintain market order and protect consumer interests.

(Edited by: Wen Jing)

Keywords: Oil prices

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.