China's National Development and Reform Commission has announced a significant reduction in domestic refined oil prices, marking the largest decline of the year. Effective from 24:00 on July 3, gasoline and diesel prices will decrease by 950 yuan and 915 yuan per ton, respectively. This adjustment follows a period of fluctuating international oil prices from June 18 to July 3. On average, the price per liter for No. 92 gasoline will drop by 0.75 yuan, No. 95 gasoline by 0.79 yuan, and No. 0 diesel by 0.78 yuan. Consumers filling a 50-liter tank with No. 92 gasoline will save 37.5 yuan. This price adjustment reflects the largest reduction in oil prices in China this year.