China will continue to implement control measures related to the retail price of gasoline and diesel starting Wednesday (8/4), with the aim of reducing the impact of rising international oil prices on its domestic market.
The country's highest economic planning agency said on Tuesday, April 7.
According to China's National Development and Reform Commission (NDRC), since the adjustment of domestic oil prices at the end of March 2026, international crude oil prices have experienced significant fluctuations.
According to the price-setting mechanism in force, the price of gasoline and diesel should have increased by 800 yuan (1 yuan = Rp2,475) and 770 yuan per ton respectively. Thanks to the control measures, these prices will start to rise by 420 yuan and 400 yuan per ton respectively from Wednesday.
China's three largest oil companies, namely China National Petroleum Corporation, China Petrochemical Corporation, and China National Offshore Oil Corporation as well as other refineries have been ordered to maintain production and facilitate transportation to ensure a stable supply.
The NDRC revealed that relevant authorities must increase market supervision and inspection. They must implement strict measures to crack down on activities that violate national price policies to maintain market order.
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