【Oil Price Trends】 Mainland China raises refined oil prices from midnight, with gasoline increasing by 695 RMB per ton

2026-03-09 12:50:19

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The National Development and Reform Commission announced that recently, international oil prices have been fluctuating upward. According to the current refined oil pricing mechanism, starting from midnight on Tuesday (the 10th), domestic gasoline and diesel prices will increase by 695 RMB and 670 RMB per ton, respectively.

The NDRC’s press release mentioned that China National Petroleum Corporation, Sinopec, China National Offshore Oil Corporation, and other crude oil processing enterprises should organize production and transportation of refined oil to ensure market stability and strictly implement national pricing policies.

The NDRC also stated that relevant local departments should strengthen market supervision and inspection, strictly investigate and punish acts of not complying with national pricing policies, and maintain normal market order.

Refined oil refers to petroleum products produced through modern refining processes.

Source: NDRC press release

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