Domestic refined oil prices continue to rise: Can this help new energy vehicles recover?

WealthCoffee

2026-03-23 11:27:00

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[Caixin] The Middle East conflict has caused an abnormal rise in international oil prices. The Joint Conference of the National Passenger Car Market Information (hereinafter referred to as “Passenger Car Conference”) recently stated that oil price fluctuations increase vehicle operating costs, which will hinder the recovery of the fuel vehicle market. New energy vehicles are expected to bid farewell to the sluggish market conditions.

International oil prices are still on the rise. According to the current domestic refined oil price adjustment mechanism, at 24:00 on March 23, retail prices of gasoline and diesel should be further increased. The National Development and Reform Commission announced a temporary adjustment on the same day. After administrative measures limited the increase, the actual price of 92-octane gasoline rose by 0.85 yuan per liter.

Passenger cars mainly use 92-octane gasoline. Since 2026, domestic refined oil prices have been raised multiple times. Prior to this adjustment, the retail price of 92-octane gasoline has increased by a total of 0.92 yuan per liter.

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