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Global Times: (Dong Xiucheng) The country continues to take control measures on refined oil prices, here’s the interpretation

Published: April 9, 2026 Editor: Yuqing

(Source: Global Times 2026-04-07)

Slow down the impact of rising international oil prices and ensure stable supply - Interpretation of this gasoline and diesel price regulation. The National Development and Reform Commission announced on the 7th that according to the refined oil price mechanism, starting from 24:00 on April 7, domestic gasoline and diesel prices should be increased by 800 yuan and 770 yuan per ton respectively. After the regulation, they will actually be increased by 420 yuan and 400 yuan.

Experts said that since the adjustment of domestic refined oil prices on March 23, crude oil prices in the international market have fluctuated significantly. In order to mitigate the impact of rising international oil prices on the country, the state continues to take control measures on refined oil prices.

Lu Zhichen, deputy director of the Price, Cost and Certification Center of the National Development and Reform Commission, said that this time the maximum retail prices of gasoline and diesel should be increased by 800 yuan and 770 yuan per ton respectively. In fact, they were increased by 420 yuan and 400 yuan respectively, which is a decrease of 380 yuan and 370 yuan. This is equivalent to a decrease of 0.31 yuan per liter for No. 92 gasoline and 0.32 yuan for No. 0 diesel. Preliminary calculations show that filling up a tank of oil for a private car can save about 15 yuan; filling up a tank of oil for a large truck can save 150 to 200 yuan. Why do refined oil prices continue to rise after regulatory measures are taken?

Professor Dong Xiucheng of the w88 casinostated that the state’s efforts to regulate the price of refined oil products need to comprehensively consider multiple factors such as market supply security and downstream affordability. It is necessary to avoid excessive impact of abnormal price fluctuations on downstream users, and to appropriately ease the cost of crude oil imports and ensure a stable supply of refined oil. If international crude oil prices rise sharply in the future, what regulatory measures will the country take?

The domestic refined oil price mechanism stipulates that the maximum retail price of gasoline and diesel is adjusted every 10 working days based on changes in the average price of a basket of international crude oil.

Lv Zhichen said that the refined oil price mechanism has set a price control upper limit of US$130 per barrel. If the average price of a basket of international crude oil continues to rise sharply and exceeds US$130 per barrel (the corresponding domestic average retail price of 92-proof gasoline is slightly higher than 10 yuan per liter), for the part exceeding the upper limit, the maximum retail price of domestic gasoline and diesel will not increase or increase less.

The reporter learned from the National Development and Reform Commission that the National Development and Reform Commission will guide refined oil production and sales enterprises to make every effort to ensure the production and transportation of refined oil to ensure stable supply in the market, and cooperate with relevant departments to increase market supervision and inspection, strictly investigate and deal with illegal activities such as non-implementation of national price policies, and effectively maintain market order and protect consumer interests.


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