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BackGas prices drop for the sixth time this year. Fill up a tank of gas and save 24.5 yuan
Gas prices drop for the sixth time this year. Fill up a tank of gas and save 24.5 yuan
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中国新闻网9 minutes agoBusiness1 min readChinaView original

Gas prices drop for the sixth time this year. Fill up a tank of gas and save 24.5 yuan

Starting from 24:00 on November 12, domestic gasoline and diesel prices will be reduced by 645 yuan and 625 yuan per ton respectively.

National Development and Reform CommissionRefined oil pricesOil prices drop

Quick Look

  • According to the National Development and Reform Commission, starting from 24:00 on November 12, domestic gasoline and diesel prices will be reduced by 645 yuan and 625 yuan per ton respectively.
  • Equivalent to a price reduction of 0.49 yuan per liter for No.
  • 92 gasoline and 0.52 yuan per liter for No.

AI-generated summary

Why It Matters

Based on changes in oil prices in the international market, the National Development and Reform Commission regularly adjusts domestic refined oil prices.

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China News Service, Beijing, November 12 (Reporter Zhang Ni) According to the National Development and Reform Commission, according to changes in oil prices in the international market, starting from 24:00 on November 12, domestic gasoline and diesel (standard products) prices will be reduced by 645 yuan and 625 yuan per ton respectively.

This round is the 22nd price adjustment in 2026 and the sixth price reduction in 2026. After this price adjustment, the price adjustment of refined oil products in 2026 will show a pattern of "fourteen increases, six decreases, and two strandings."

According to agency estimates, after this price adjustment, it is equivalent to a decrease of 0.49 yuan per liter for No. 92 gasoline, a decrease of 0.52 yuan per liter for No. 95 gasoline, and a decrease of 0.53 yuan per liter for No. 0 diesel. Based on the calculation of an ordinary private car with a fuel tank capacity of 50 liters, the car owner will save about 24.5 yuan by filling up a tank of 92-octane gasoline.

Looking forward to the market outlook, Longzhong Information believes that the decline in international oil prices in the second half of this round of price adjustments will be reflected in the next round. In addition, the United States and Iran have no signs of restarting large-scale conflicts in the short term, and global crude oil supply has been restored to some extent, and supply risk concerns have eased compared to before. Overall, it is expected that the next round of refined oil price adjustment is more likely to be reduced.

The next price adjustment window will open at 24:00 on November 26, 2026.

What to Watch

AI outlook — possibilities, not facts

  • The next round of refined oil price adjustment is more likely to be lowered

    Likely · Within weeks

Open Questions

  • Will the next round of price adjustments continue to drop?

Related Topics

National Development and Reform Commission
PeopleZhang Ni
OrganizationsLongzhong Information
PlacesBeijing
TopicsRefined oil pricesOil prices dropgasolineDiesel
This article was originally published by 中国新闻网.

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