The country has implemented price controls on refined oil products.

Since the adjustment of domestic refined oil prices on August 28, the conflict between the US and Iran has escalated again, leading to a continuous and significant rise in international crude oil prices. In particular, crude oil prices in the Middle East have seen an abnormal surge. To mitigate the impact of rising international oil prices on the domestic market, ensure stable economic operations and the well-being of society, temporary regulatory measures are being implemented on domestic refined oil prices within the framework of the current pricing mechanism. According to the existing pricing mechanism, as calculated on September 11, the domestic gasoline and diesel (standard products) prices should be increased by 435 yuan and 420 yuan per ton, respectively, but after regulation, the actual increases are 260 yuan and 250 yuan. (CCTV)