China has announced temporary regulatory measures on domestic gasoline and diesel prices to buffer the economy and consumers from sharp global oil price spikes. The move moderates increases, limiting retail prices to 1,160 yuan per ton for gasoline and 1,115 yuan per ton for diesel, saving private car owners and heavy truck drivers significantly.
The National Development and Reform Commission (NDRC) will guide refiners and distributors to maintain supply, strengthen market supervision, and ensure compliance with pricing policies. Experts say the intervention demonstrates China’s institutional advantages and stabilizes domestic economic operations.
The measures come as geopolitical tensions in the Middle East disrupt global energy markets. Chinese authorities emphasized the need for relevant countries to prevent further conflict and protect global economic growth, highlighting China’s diversified energy structure and resilience against external shocks.
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