China announces largest fuel price cut in nearly six years
China will reduce the ceiling prices for retail gasoline and diesel starting Saturday, marking the third consecutive fuel price cut and the largest reduction in nearly six year, News.Az reports, citing Xinhua.
According to the National Development and Reform Commission (NDRC), gasoline prices will be lowered by 950 yuan (about 139 U.S. dollars) per tonne, while diesel prices will be reduced by 915 yuan per tonne.
Tian Lei, head of the economy center at the Energy Research Institute of the Chinese Academy of Macroeconomic Research, said the adjustment follows a decline in international crude oil prices after recent highs. He attributed the drop to easing tensions in the Middle East and the gradual restoration of shipping through the Strait of Hormuz.
Under China’s current fuel pricing mechanism, domestic gasoline and diesel prices are reviewed and adjusted every 10 working days based on fluctuations in international crude oil prices.
Tian said the latest reduction will allow private vehicle owners to save about 40 yuan each time they fill up their fuel tanks, while truck drivers could save approximately 400 yuan per tank.
The NDRC called on major oil producers and refining companies to maintain a stable fuel supply and strictly comply with the country’s pricing policies.
China’s energy demand has continued to grow as the country’s energy mix gradually shifts. Official data showed that total energy consumption reached 6.17 billion tonnes of standard coal equivalent in 2025, an increase of 3.5 percent from a year earlier. During the same period, crude oil consumption rose by 3.6 percent, while the share of clean energy in the country’s energy mix continued to expand.