Attention, drivers: at midnight on October 15 (next Thursday), domestic refined oil prices will be adjusted.

The current 10-working-day pricing cycle is already past the halfway mark. Influenced by recent international oil prices, which have fallen more often than they have risen, the expected decline in fuel prices has continued to widen. The current crude oil change rate stands at -4.73%, and gasoline and diesel prices are projected to fall by 280 yuan per ton. Based on this decline, pump prices for gasoline and diesel are expected to drop by 0.21 yuan to 0.25 yuan per liter. The final adjustment will be subject to the announcement by the National Development and Reform Commission.

The 2025 Fuel Price Adjustment Calendar

Starting November 1, there will be a new change when refueling.

Previously, the State Taxation Administration issued the Announcement on Matters Concerning the Full Promotion of "Invoicing Upon Transaction" in the Refined Oil Retail Sector. The announcement specifies that starting November 1, 2026, "invoicing upon transaction" will be fully promoted at refined oil retail gas stations nationwide, achieving seamless integration between refueling transactions and invoice issuance.

What is "Invoicing Upon Transaction"?

According to the announcement, "invoicing upon transaction" means that after a refined oil retail gas station completes a sale of refined oil, it issues a fully digitalized electronic invoice to the buyer in real time through the tax authority's Leqi platform based on the transaction data. "Invoicing upon transaction" covers various transaction scenarios in the refined oil retail sector, including situations where the buyer pays for fuel through third-party payment platforms or internet platforms, as well as payments made via fuel cards, cash, and other methods.

Scenario 1: After refueling at a gas station, the buyer pays through a third-party payment platform. The Leqi platform should automatically issue an invoice after the buyer completes payment.

Scenario 2: After refueling at a gas station, the buyer completes the transaction by paying through an internet platform. The internet platform will immediately issue an invoice to the buyer, with the gas station as the seller.

Scenario 3: The buyer recharges and obtains a fuel card at the gas station, and the amount is automatically deducted from the card when refueling. The buyer may choose to obtain a non-taxable ordinary invoice at the time of recharge, or choose to obtain an ordinary invoice or a special VAT invoice at the time of refueling. Only one of these options may be selected.

Scenario 4: After refueling at a gas station, the buyer completes the transaction via cash, credit sales, or corporate transfer. Based on actual transaction data, the gas station should issue an invoice to the buyer through the Leqi platform.

For a long time, consumers have commonly faced problems when obtaining fuel invoices, such as needing to provide information every time and finding it difficult to obtain a supplementary invoice afterward. A relevant official from the State Taxation Administration's Department of Collection and Management and Science and Technology Development stated that promoting the "invoicing upon transaction" model can deeply bind the entire refueling transaction process. After consumers complete payment for refueling, invoices are automatically generated and pushed directly to them, which can eliminate gas stations' refusal to issue invoices, failure to issue invoices, or issuance of incorrect invoices. The new "invoicing upon transaction" model breaks down data barriers between systems, requires no manual entry or review of information throughout the process, and reduces the workload of gas station staff.

The announcement requires that refined oil retail gas stations implement "invoicing upon transaction" before November 1, 2026. Those that fail to do so on schedule will be ordered by tax authorities to rectify the matter and will be handled in accordance with relevant laws and regulations.

The announcement emphasizes that tax authorities will strictly investigate and punish various behaviors by refined oil retail gas stations that evade tax supervision, such as using payment codes not belonging to their own unit to collect payments. Once verified, they will be ordered to rectify in accordance with the law, fined up to 10,000 yuan, and have their illegal gains confiscated. If the behavior constitutes tax evasion, the taxes not paid or underpaid, late payment surcharges, and fines will also be recovered in accordance with the law.