The government has implemented temporary regulatory measures on refined oil prices.

LightningPacketLoss · 2026-03-30T09:04:48+00:00

Due to the escalating conflict between the US, Israel, and Iran, international crude oil prices have surged, prompting temporary adjustments to domestic refined oil prices. On March 23, domestic gasoline and diesel prices were expected to increase, but the actual adjustments decreased by 1,160 yuan and 1,115 yuan respectively to ease user burden, ensure market supply, and protect consumer interests.

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2026-03-30 09:04:48

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Source: People’s Financial News Author: Zhu Yumeng

People’s Financial News, March 23 - According to the National Development and Reform Commission, since the adjustment of domestic refined oil prices on March 9, international crude oil prices have surged significantly due to the intensification of the conflict between the U.S. and Iran, especially with crude oil prices in the Middle East reaching historic highs. To mitigate the impact of the abnormal rise in international oil prices, lighten the burden on downstream users, and ensure stable economic operation and social livelihood, temporary regulatory measures on domestic refined oil prices have been implemented while maintaining the current pricing mechanism framework.

Based on the current pricing mechanism, on March 23, the domestic gasoline and diesel prices (standard products) should be raised by 2205 yuan and 2120 yuan per ton, respectively, while the actual adjustments after regulation are 1160 yuan and 1115 yuan.

The National Development and Reform Commission will guide refined oil production and sales companies to fully organize production and transportation of refined oil to ensure market supply, and will cooperate with relevant departments to strengthen market supervision and inspection efforts, severely punish violations of national pricing policies, and effectively maintain market order and protect consumer interests.

(Editor: Wen Jing)

Keywords:

                                                            Oil Price

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