China limits fuel price hike amid global oil swings

April 7, 2026 (MLN): China will continue to enforce control measures on retail gasoline and diesel prices from Wednesday, aiming to reduce the impact of fluctuations in global oil markets on its domestic economy.

According to a statement issued by the National Development and Reform Commission, international crude oil markets have seen notable fluctuations since the last domestic price adjustment in late March.

Under China’s current pricing framework, gasoline and diesel prices were projected to rise by 800 yuan (approximately 116 U.S. dollars) and 770 yuan per tonne, respectively, according to APP.

However, due to the implementation of control measures, the actual increase will be limited to 420 yuan per tonne for gasoline and 400 yuan per tonne for diesel from Wednesday.

The country’s major oil producers China National Petroleum Corporation, China Petrochemical Corporation, and China National Offshore Oil Corporation along with other refining firms, have been instructed to sustain output levels and ensure efficient transportation to maintain steady fuel supply.

The NDRC also called on relevant authorities to strengthen market oversight and inspections. Strict action will be taken against any violations of national pricing regulations to preserve market stability and order.

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