Oil Price Adjustment Alert: Domestic Refined Oil Prices May See a Sharp Increase on July 31, with an Expected Rise of Over 0.59 Yuan per Liter

1. According to the domestic refined oil price adjustment mechanism, the new round of oil price adjustment window will open at 24:00 on July 31. Influenced by the continued strength of international oil prices, the reference crude oil change rate for this pricing cycle has risen to 14.64%.2. Based on the current change rate, it is estimated that the price of gasoline and diesel will increase by about 780 yuan per ton, equivalent to a rise of approximately 0.59 to 0.70 yuan per liter. This increase will significantly exceed previous adjustments and may become one of the largest single rises of the year.3. During this adjustment cycle, international oil prices have surged sharply, mainly driven by escalating US-Iran tensions, shipping disruptions in the Strait of Hormuz, and attacks on oil tankers by Houthi forces in the Red Sea. Brent crude oil has broken through the $100 per barrel mark for the first time since May.4. It is noteworthy that, before the official adjustment on July 31, international oil prices may still fluctuate. The final increase will be based on the official notice published by the National Development and Reform Commission. Car owners are advised to pay attention to subsequent changes and arrange refueling plans appropriately.