Domestic refined oil prices are poised for a significant increase as they are set to rise at midnight on July 1. This adjustment will see a hike of 600 yuan per ton, leading to a rise in gasoline costs by up to 25 yuan per tank. This development comes amidst fluctuating global oil markets and ongoing debates regarding fuel pricing mechanisms.

The impending price increase is expected to have a ripple effect on consumer costs and the broader economy. As refined oil prices influence transportation and logistics, industries reliant on fuel may face increased operational expenses, which could eventually be passed on to consumers. Traders and analysts will be closely monitoring market reactions to this adjustment.