Refined Oil Retail Prices Expected to Fall 855 Yuan/Ton on July 3, First Three Consecutive Monthly Cuts in 2026

According to Zhu Chuang Information, refined oil retail prices are expected to decline by 855 yuan/ton when the pricing window opens on July 3, 2026. The crude oil change rate stood at -19.31% as of July 1, driven by improved Middle East relations following a U.S.-Iran understanding. This marks the first three consecutive monthly price cuts in 2026, reducing fuel costs for consumers as summer demand peaks.
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