China announces fuel price increase
09:47, 1 August 2026
China will raise retail prices for gasoline and diesel from Saturday in line with the latest changes in international crude oil prices, Qazinform News Agency cites Xinhua.
According to a statement by China's National Development and Reform Commission (NDRC), retail gasoline prices will increase by 685 yuan (about $100.89) per metric ton, while diesel prices will rise by 655 yuan per metric ton.
Chinese oil industry analysts attributed the latest adjustment to rising global crude oil prices amid escalating geopolitical tensions in the Middle East.
Earlier, Qazinform News Agency reported that oil surged as US-Iran conflict rattled energy markets.
