China Implements Fuel Price Control Measures for Petrol and Diesel

Beijing (ANTARA) - China will continue to implement control measures related to retail prices of petrol and diesel starting Wednesday (8/4), with the aim of reducing the impact of rising international oil prices on its domestic market. This was stated by the country’s highest economic planning body on Tuesday. According to the National Development and Reform Commission (NDRC) in a statement, since the adjustment of domestic oil prices at the end of March 2026, international crude oil prices have experienced significant fluctuations. Based on the applicable pricing mechanism, petrol and diesel prices should have risen by 800 yuan (1 yuan = Rp2.475) and 770 yuan per tonne respectively. Thanks to the control measures, these prices will rise by 420 yuan and 400 yuan per tonne starting Wednesday. China’s three largest oil companies, namely China National Petroleum Corporation, China Petrochemical Corporation, and China National Offshore Oil Corporation, along with other refineries, have been ordered to maintain production and facilitate transportation to ensure a stable supply. The NDRC revealed that relevant authorities must increase market supervision and inspections. They must implement strict measures to crack down on activities that violate national pricing policies in order to maintain market order.