The agency predicts that refined oil prices will see their fifth reduction of the year.

At 24:00 on August 14, the price adjustment window for refined oil products will reopen. According to industry agency Longzhong Information, due to the fluctuating decline in international crude oil prices during this period, domestic refined oil products are expected to see a reduction of about 0.15 yuan per liter, marking the fifth cut this year. Based on a 70-liter fuel tank, private car owners will save about 11 yuan when filling up their tanks.