
AI-generated summary
The expansion of regional conflicts in the Middle East has caused high fluctuations in international oil prices, and Taiwan has implemented an oil price stabilization mechanism.
Domestic oil prices continue to freeze and rise! China National Petroleum Corporation announced today (17th) that starting from next Monday (19th), the prices of gasoline and diesel will remain unchanged. According to CNPC statistics, the total absorption of gasoline and diesel has increased by approximately 28.99 billion yuan since the Middle East War.
Domestic oil prices next week are 31.2 yuan per liter for 92 unleaded gasoline, 32.7 yuan per liter for 95 unleaded gasoline, 34.7 yuan per liter for 98 unleaded gasoline, and 29.9 yuan per liter for super diesel.
CNPC pointed out that conflicts in the Middle East have expanded, attacks on ships have occurred frequently, and international oil prices have fluctuated at high levels. In order to take care of domestic people's livelihood and stabilize prices, the government expanded the reduction of goods taxes, and in order to maintain the lowest price in Asia and continue to implement the stabilization mechanism of the US-Iraq war project, a total of 10.6 yuan and 10.9 yuan were absorbed for gasoline and diesel, and domestic gasoline and diesel prices remained unchanged.
According to statistics from China National Petroleum Corporation, various measures to stabilize the project were implemented from February 28 to October 18, and the total absorption of gasoline and diesel increased by approximately 28.99 billion yuan.

In the first three quarters of this year, Jilin Province's new energy power generation reached 32.492 billion kilowatt hours, a year-on-year increase of 4.75%, accounting for 37.8% of the province's total power generation, an increase of 1.5 percentage points year-on-year. The installed capacity of new energy reaches 28.3049 million kilowatts, accounting for 51.44% of the province’s total installed capacity, ranking the largest power source in the province. Wind power installed capacity accounts for more than 70% of new energy installed capacity, and the new energy utilization rate reaches 92.7%. Jilin transmits clean electricity to North China through the "Jilin Electricity to Beijing" project, and develops green fuel industries such as green methanol and hydrogen ammonia alcohol in Taonan, Songyuan, Da'an and other places. The products have been exported to Belgium and other countries.

CNPC and Formosa Plastics have maintained a barreled gas price difference of 1.8 yuan per kilogram for more than a year, which has led to a large number of packaging companies turning to CNPC, causing CNPC's market share to soar to more than 90%, while Formosa Plastics's dropped to less than 10%. Downstream gas companies were forced to adjust their selling prices due to insufficient supply or rising costs, failing to meet the government's price freeze target. Central regions such as Changhua and Yunlin have been hardest hit. Packaging plants are under pressure between upstream and downstream, and can only rely on human connections to adjust goods to reduce costs.

China National Petroleum Corporation's barreled gas has been frozen since 2021. It was temporarily unfrozen and raised three months later in November 2025 and then frozen again. The cumulative increase in six years has only been 3.15 yuan per kilogram, while China National Petroleum Corporation has absorbed a cumulative cost of 23.75 yuan per kilogram, and continues to lose money on every barrel sold. The freeze increase policy caused PetroChina's barreled gas market share to soar from 55% to more than 90%, while Formosa Petrochemical dropped to less than 10%. The Executive Yuan announced that the price of barreled gas will not be adjusted until the end of the year. PetroChina is facing supply pressure and huge losses. The Ministry of Economic Affairs has subsidized 8.4 billion yuan, of which CNPC received 7.5 billion yuan.

Affected by Iran's intensified attacks on the Strait of Hormuz, the Yemen Youth Movement's attacks on Saudi Arabia and Ukraine's renewed attacks on Russian refineries, international oil prices rose sharply on Friday, with Brent crude oil once touching $110 per barrel.
Six departments including the Ministry of Housing and Urban-Rural Development of China jointly issued the "Three-Year Action Plan for Urban Heating "Warmth Project" (2026-2028)", which clarifies that the urban heating system will be transformed and upgraded before the end of 2028 to comprehensively improve heating security capabilities and service levels.
China's first million-ton low-concentration CCUS full-chain demonstration project started construction in Sinopec Shengli Oilfield in Dongying, Shandong Province on the 16th. The project overcomes the problem of low-concentration coal-fired flue gas capture and is expected to be completed and put into operation by the end of 2028. It will also innovatively apply the green power direct supply model.