Tonight, oil prices will increase. The government will continue to implement refined oil price regulation.

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People’s Finance and News (People’s Finance Network), April 7—The reporter learned from the National Development and Reform Commission that, starting from 24:00 on April 7, the domestic gasoline and diesel (standard-grade) prices will be increased by 420 yuan and 400 yuan per ton, respectively. According to the information, since the adjustment to domestic refined oil prices on March 23, international crude oil prices have seen major fluctuations. Based on the current pricing mechanism, the maximum retail prices for gasoline and diesel in this round should be increased by 800 yuan and 770 yuan per ton, respectively. To mitigate the impact of rising international oil prices on the domestic market, the state will continue to implement regulatory measures on refined oil prices. After the regulation, the maximum retail prices for gasoline and diesel will be increased by 380 yuan and 370 yuan less per ton, respectively—equivalent to 92-octane gasoline being increased by 0.31 yuan less per liter, and 0# diesel being increased by 0.32 yuan less per liter. (CCTV News)

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