China Limits Fuel Price Hikes
China capped retail transportation fuel price increases for the third time since the Iran war began. Gasoline and diesel prices will rise moderately starting September 12 to mitigate domestic market impacts from international oil surges.
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China capped transportation fuel price increases by up to 260 yuan per metric ton on Friday morning, marking its third intervention since the conflict with Iran began. The state planner's move curbs domestic retail inflation as international crude benchmarks like Brent Crude Oil surge. Under standard pricing rules, increases would have reached 435 yuan per metric ton, according to the official statement.
