Domestic Fuel Prices to Fall After Three Straight Increases; 92-Octane Gasoline Seen Down RMB 0.18 per Liter on October 15
The next round of fuel price adjustment window is set to open on October 15 at 24:00, with predictions suggesting a gasoline price cut of RMB 220 per ton and a diesel price cut of RMB 210 per ton. At the retail level, the predicted drop is RMB 0.18 per liter for 92# gasoline, RMB 0.19 per liter for 95# gasoline, and RMB 0.18 per liter for 0# diesel. Assuming a 50-liter fuel tank for a typical car, filling a 50-liter tank with 92# gasoline would cost about RMB 9 less.
These are predictions by industry analysts, and the final price adjustments will be based on the information released by the National Development and Reform Commission on October 15, which will also update the latest oil price adjustment information.
There is only 1 day left until the October 15 24:00 domestic oil product price adjustment window.
The price trend for this adjustment has been somewhat volatile.
Initially, the expected drop was over 0.1 RMB per liter, and at one point, it expanded to 0.2 RMB per liter.
The latest data shows that the expected drop has narrowed slightly.
International oil prices rose on October 12.
At the close of trading that day, the price of light crude for November delivery rose by $1.89 to settle at $93.74 per barrel, representing a 2.06% increase; the price of crude oil for December delivery rose by $1.93 to settle at $106.65 per barrel, representing a 1.84% increase.
Domestic fuel prices had risen three times in a row before the cut that came on September 24.
The 2026 domestic oil product retail price adjustment window has now opened 19 times, with 13 of those being increase windows, 5 being decrease windows, and 1 being a window that was suspended.
Cumulatively, there have been 18 oil price adjustments, with 92# gasoline rising by 0.07 RMB per liter, 0.16 RMB per liter, 0.14 RMB per liter, 0.55 RMB per liter, 0.87 RMB per liter, 0.33 RMB per liter, 0.25 RMB per liter, 0.06 RMB per liter, 0.24 RMB per liter, 0.54 RMB per liter, 0.29 RMB per liter, 0.2 RMB per liter and 0.34 RMB per liter, and a decrease of 0.44 RMB per liter, 0.41 RMB per liter, 0.40 RMB per liter, 0.75 RMB per liter, and 0.18 RMB per liter.