The Chinese mainland will cut retail prices of gasoline and diesel on Tuesday to mirror recent shifts in international oil benchmarks, the National Development and Reform Commission (NDRC) announced Monday.
Under the revised pricing mechanism, gasoline prices will drop by 230 yuan per tonne, while diesel falls by 220 yuan per tonne. These adjustments come as part of a system that aligns local fuel costs with global crude moves.
To keep pumps fully stocked, the Chinese mainland’s three biggest state-backed oil companies — China National Petroleum Corporation, China Petrochemical Corporation and China National Offshore Oil Corporation — along with other refineries, have been tasked with streamlining production and transport of refined fuels.
The NDRC also urged regional authorities to intensify market supervision and crack down on violations of national price policies, ensuring fair competition and steady supply across the Chinese mainland.
For consumers and businesses alike, these cuts could mean lighter travel budgets, lower logistics expenses and more breathing room for the economy. As global oil prices fluctuate, this move highlights the Chinese mainland’s agile response in stabilizing domestic markets.
How will this adjustment impact your next road trip or delivery run? Share your thoughts and pump-side experiences below.
Reference(s):
cgtn.com
