China will increase retail prices of gasoline and diesel starting Thursday, following recent rises in international crude oil prices, according to the National Development and Reform Commission (NDRC).
The price of gasoline will rise by 230 yuan (approximately USD 32) per tonne, while diesel will increase by 220 yuan per tonne.
The NDRC has called on major state-owned oil companies — including CNPC, Sinopec, and CNOOC — along with other refineries, to maintain steady production and ensure smooth distribution in order to support stable fuel supply.
Under China’s pricing system, domestic fuel prices are adjusted in line with global oil price movements.
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