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CNBC AI News – Fuel prices at the pump are teetering on the edge of an upward surge, with a price adjustment expected at the end of the business day on June 17th. Industry analysts are closely watching the developments, and early indicators suggest drivers should brace themselves.
Market data suggests that this adjustment could be significantly influenced by the recent volatility in international oil prices. **Initial estimates indicate a possible increase at the pump**, driven by factors in the global market.
According to Xu Lei, an oil analyst at Zhuochuang Information, positive sentiment surrounding international trade coupled with growing geopolitical tensions in the Middle East have contributed to a rally in global crude prices during the current pricing cycle.
With less than one business day until the adjustment window closes, the trend points towards an upward shift in prices. Lei further indicated that the likelihood of an increase is highly probable.
Looking back at the year, the Chinese domestic oil market has seen a rollercoaster of ten pricing adjustments so far in 2025 – with three increases, five decreases, and two periods of price stagnation.
Despite the recent volatility, the net effect of these adjustments has left gasoline and diesel prices at retail approximately RMB 655 and RMB 630 per ton lower than at the end of the previous year, respectively.
It is important to note that according to established petroleum pricing regulations, domestic gasoline and diesel prices are adjusted every ten business days, reflecting changes in global crude oil prices. These adjustments go into effect at midnight on the day they are announced.
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