China Raises Gasoline Prices by 300 Yuan/Ton, Diesel by 290 Yuan/Ton on July 17

GAS-3.28%
According to Jin Lian Create, on July 17 at 24:00, China's refined oil prices increased as scheduled, with gasoline rising 300 yuan/ton and diesel up 290 yuan/ton. On a per-liter basis, 89-octane gasoline rose 0.22 yuan, 92-octane rose 0.24 yuan, 95-octane rose 0.25 yuan, and 0-cetane diesel rose 0.25 yuan. Regional markets showed mixed sentiment following the price adjustment, with East China and South China operators adopting cautious stances amid weak downstream demand, while North China refiners faced lingering weakness in domestic consumption.
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