China's Gasoline, Diesel Retail Prices Expected to Rise More Than 0.08 Yuan Per Liter on July 31

GAS-2.38%
According to JinLian Create, on July 31, China's gasoline and diesel retail prices are expected to rise by more than 0.08 yuan per liter as international crude oil remains supported by Middle East geopolitical tensions. Refineries report stable feedstock supplies with increased restocking demand from downstream buyers. Limited wholesale quota policies from major refineries are further supporting market prices amid reduced inventory pressure.
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