Foreign Media: Affected by the rise in international oil prices due to the Iran conflict, China has adjusted the price increase for refined oil for the third time to mitigate the impact of global oil price fluctuations on domestic markets.
The National Development and Reform Commission announced that starting from September 12, gasoline and diesel prices will be increased by 260 yuan and 250 yuan per ton respectively—lower than the calculated increases of 435 yuan and 420 yuan per ton under the current mechanism.
After this adjustment, domestic gasoline and diesel prices have risen approximately 19% and 21% respectively compared to the most recent pricing level before the outbreak of the Iran conflict. This restrained increase demonstrates how China uses its price control mechanism to balance international energy cost pressures with domestic consumer burdens, preventing rapid oil price hikes from causing excessive impacts on economic operations and residents’ travel expenses.
Original Source: toutiao.com/article/1876044407687180/
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