China raises domestic retail fuel prices starting Tuesday
China will raise retail gasoline and diesel prices by over 400 yuan per ton tonight. The NDRC move aims to offset the impact of rising global oil costs.
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Authorities in China have announced a further increase in domestic retail fuel prices, effective Tuesday night. The state planner confirmed that the maximum retail price for gasoline will rise by 420 yuan ($61.11) per metric ton, while diesel will see an increase of 400 yuan ($58.20) per metric ton. This decision reflects the ongoing volatility in global energy markets, where benchmarks such as Brent Crude Oil and West Texas Oil have faced significant upward pressure.
