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China Raises Fuel Price Caps

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Insights by Echo AI

China has announced an increase in domestic fuel price caps starting September 12, aiming to shield consumers from rising global oil prices. The National Development and Reform Commission (NDRC) raised retail gasoline and diesel price caps by 260 yuan and 250 yuan per tonne respectively, less than the full formula would have allowed. The move comes amidst elevated international crude prices due to Middle East supply risks.

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6 Sources

  1. Business Line avatar

    Business Line

    RSS / @thehindubusinessline.com/feeder/default.rss

    China to raise petrol, diesel price caps from September 12 China will...

  2. Defense Politics Asia avatar

    Defense Politics Asia

    X / Twitter / @DefensePolitics

    đŸ‡¨đŸ‡³ China’s National Development and Reform Commission raised retail ga...

  3. Al Jazeera English avatar

    Al Jazeera English

    X / Twitter / @AJEnglish

    China is increasing the retail prices of gasoline and diesel from Satu...

  4. Giuseppe Masala avatar

    Giuseppe Masala

    Telegram / @giuseppemasala

    La Cina aumenterĂ  i prezzi della benzina e del gasolio al dettaglio a...

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