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China's Refined Oil Prices to Rise on May 21, 8th Hike This Year as Crude Hits $105

GateNews

2026-05-20 11:10:32

According to Jin Lian Chuang, China's refined oil prices are expected to rise on May 21 at 24:00, marking the eighth increase this year. As of May 20, the reference crude oil price averaged $105.09 per barrel, with domestic gasoline and diesel projected to rise by approximately 110 yuan per ton.

Analysts from Zhuo Chuang Energy and Long Zhong Energy predict retail price increases of 8-9 cents per liter for 92-octane gasoline. Drivers filling a 50-liter tank would pay an additional 4-5 yuan, translating to roughly 2.5-4.5 yuan more per full tank depending on tank size.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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