National Development and Reform Commission: Starting from 24:00 on October 29, domestic gasoline and diesel prices will be raised by RMB345 and RMB335 per ton, respectively.

According to the National Development and Reform Commission, since the domestic refined oil price adjustment on October 15, escalating geopolitical tensions in the Middle East have caused international crude oil prices to rise sharply. To mitigate the impact on the domestic market, the state has once again taken regulatory measures on refined oil prices. Calculated according to the current pricing mechanism, starting from 24:00 on October 29, domestic gasoline and diesel (standard products) prices should be raised by RMB440 and RMB420 per ton, respectively. Taking into account both reducing the burden on downstream users and ensuring the safe and stable supply of refined oil, the actual increases after regulation are RMB345 and RMB335. This article was edited from the "National Development and Reform Commission" WeChat official account, GMTEight editor: Jiang Yuanhua.