Published on: 2026-04-08
Source: People’s Republic of China in Russian –
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Beijing, April 8 /Xinhua/ — China will continue to take measures to control retail prices of gasoline and diesel fuel from the middle in order to mitigate the impact of global oil price increases on its domestic market. This was reported on Tuesday by the State Committee for Development and Reform (NDRC).
After the adjustment of domestic oil prices at the end of March, world crude oil prices experienced significant fluctuations, according to a statement by the State Regulation Committee.
In accordance with the current pricing mechanism, gasoline and diesel prices have increased by 800 yuan (about 116 USD) and 770 yuan per ton, respectively. Thanks to the implemented control measures, the indicated prices will rise from Wednesday by 420 yuan and 400 yuan per ton, respectively.
The three largest oil companies in China, namely China National Petroleum Corporation, China Petrochemical Corporation, and China National Offshore Oil Corporation, together with other oil refining enterprises in the country, were instructed to efficiently organize the production and transportation of oil products, as well as to ensure their stable supply.
According to the statement of the FCS, the relevant authority should strengthen oversight over the market and inspections, as well as strictly investigate and punish violations such as non-compliance with state pricing policy, in order to maintain order in the market.
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