You're kidding me! Only eight days later, on 24 november, domestic oil prices were expected to decline again, with an additional 5 to 6 cents expected per litre of gasoline. It's like a roller coaster just climbed to the top and was about to dive。
On 16 november 2025, the price plate for the domestic gas station was recently updated. The national average price of petrol 92 was set at $6. 93 per litre and petrol 95 at approximately $7. 40 per litre. This price was the result of a downward adjustment in oil prices on 15 november, when the price of diesel oil was reduced by $130 and $125 per ton, respectively。
Drivers in beijing found that the local petrol price was $6. 94 per litre for no. 92 and $7. 39 per litre for no. 95. In tianjin and hebei, the price of petrol 92 was slightly lower at $6. 93 per litre. Domestic mongolian owners enjoyed lower oil prices, with petrol 92 only at $6. 88 per litre。
Regional oil price differentials are significant. In yunnan kunming, the price of petrol 92 reached 7. 58 yuan/l. Hainan's oil prices, which include highway tolls, have been around 0. 5 dollars/litre higher than in other provinces. In tibet, gasoline 95 was the highest in the country, at $8. 80 per litre, more than 1. 4 in the north china region. These differences arise mainly from differences in transport costs, oil standards and local policies。
This oil price adjustment was the eighth downward adjustment in 2025. Looking back throughout the year, domestic oil prices have undergone 22 adjustments, showing a pattern of “nine drops, seven rises and six bumps”. The increase and decline were offset by a cumulative decline of $620 per ton in petrol prices and $595 per ton in diesel fuel. This translates into a lower price per litre of $0. 48 to $0. 62 than at the beginning of the year。
For ordinary owners, the bill is very good. A car with a 50-litre tank capacity, full of gas no. 92, now requires $346. 5, which is $5 less than before the adjustment. It's like a cup of milk tea or an egg-bread. If it's a bigger suv, it'll save about $7 for a refuelling。
The impact of lower oil prices is even more pronounced for road-bound motorists. A 200-kilometre-a-day network driver has calculated that the price of oil has been reduced by $0. 1 per litre, saving $1. 6 per day and $48 per month. He said: “now that the platform is high and the order is not too much, the 48 dollars will have to run two cents to earn back. It's not the same
The logistics transport sector is more sensitive to oil price volatility. One heavy truck, which runs 10,000 kilometres per month and consumes 38 litres of oil, could reduce fuel costs by some $160 per month as a result of this increase. One truck driver said: “the price of oil has fallen and we have become more motivated to travel long distances. It's not like it's gonna happen
Oil price volatility never stopped. A new round of pricing windows will be open at 2400 hours on 24 november. As at 16 november, the statistical cycle for the current round of 10 working days had been conducted for four working days. The latest data show that the projected reduction in diesel fuel is 70 yuan/tonne, which is above the 50 yuan/tonne reduction standard。
Based on this range, the conversion to a price per litre is projected to increase by 0. 05-0. 06 dollars per litre for petrol 92, 95 and diesel 0. Although it does not appear to be significant, this is the fifth possible decline in the second half of the year。
The volatility of international oil prices directly affects domestic oil price trends. In the week leading up to 16 november, international oil prices went off like a roller coaster. Early in the week, oil prices rose as a result of rumours that the united states government was expected to stop. On wednesday, opec released a report that oil supply would meet demand by 2026, leading to a significant fall in international oil prices. By friday, geo-risks had risen again, and markets were concerned about the disruption of potential supplies, prompting a strong rebound in oil prices。
Oil price adjustment next friday night (5 november) and current international oil prices [declining 2 per cent], declining - financial headlines
At the time of closing on 15 november, the united states crude oil price was reported as $60. 09 per barrel, an increase of 2. 39 per cent; brent crude oil price was reported as $64. 39 per barrel, an increase of 2. 19 per cent. This rebound is likely to narrow the projected subsequent decline。
On the basis of the mechanism of domestic oil prices for finished products, when the price adjustment is less than $50 per ton, the adjustment will be suspended and accumulated into the next cycle. The current projected drop of $70 per ton has exceeded the downward line, increasing the possibility of a 24 november oil price reduction。
On 10 november, oil prices were revised upwards by $125 and $120 per ton, respectively. That was the seventh increase in 2025 and the first price increase in more than four months. That increase brought the country's multi-land oil prices closer to the “seven-dollar era”。
Oil price fluctuations drive the nerves of countless car owners. An oil-filled car owner looking at the number on the gas screen says, "now, it's customary to brush your cell phone before refuelling, and look at the latest oil price forecasts. It's not like it's gonna happen
