SunSirs: China Domestic Refined Oil Retail Prices to Rise at Midnight on May 8
May 08 2026 11:22:02 SunSirs (Selena)
The current adjustment window for domestic refined oil prices opens at midnight on May 8. Retail prices for refined oil products are set to increase in this round, marking the seventh price hike—alongside one decrease and one unchanged status—recorded so far in 2026. Throughout this pricing cycle, crude oil markets have experienced high-level volatility, with the crude oil price change rate remaining positive; consequently, domestic refined oil retail prices are poised to undergo their "seventh" upward adjustment.
With the domestic refined oil price adjustment window opening at midnight on May 8, a retail price increase has been confirmed—marking the seventh such hike since the beginning of 2026. This upward movement in oil prices has directly driven up spot prices for gasoline, creating a generally bullish outlook for the gasoline market.
With the domestic refined oil price adjustment window opening at midnight on May 8, a retail price increase has been confirmed—marking the seventh such hike since the beginning of 2026. This upward movement in oil prices has directly driven up spot prices for diesel, creating a generally bullish outlook for the diesel market.
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