China caps fuel price hike for fourth time, halving increase amid Middle East tensions
China's NDRC on September 24 raised gasoline and diesel prices by 395 yuan and 385 yuan per ton, respectively, capping a calculated increase of 830 yuan and 800 yuan per ton. This marks the fourth government intervention in six months to mitigate the impact of volatile international crude oil prices driven by Middle East geopolitical tensions. The adjustment, effective from midnight, adds 0.31-0.33 yuan per liter and raises a typical 50-liter fill-up cost by 15.5 yuan. Analysts expect a possible price cut at the next adjustment window on October 15.
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China Cuts Fuel Price Hike Again, Fourth Intervention in Six Months Amid Oil Volatility
China's National Development and Reform Commission (NDRC) announced on September 24 that it will again intervene to cap domestic fuel price increases, marking the fourth such intervention in roughly six months. Effective from 24:00 on September 24, gasoline and diesel prices were set to rise by 830 yuan and 800 yuan per ton respectively under the existing pricing mechanism, but the government capped the actual increases at 395 yuan and 385 yuan per ton. This move aims to ease consumer travel costs during the upcoming Mid-Autumn Festival and National Day holidays. The intervention follows a period of volatile international crude oil prices driven by tensions in the Middle East, including the situation in the Strait of Hormuz and a pipeline disruption in Saudi Arabia. Analysts from卓创资讯, 隆众资讯, and 金联创, including Wang Xueqin, Li Yan, and Wang Yanting, noted that while this round results in a 'three consecutive increases' for retail fuel prices, the next adjustment window on October 15 is widely expected to see a price cut due to recent declines in international oil prices and potential diplomatic progress between the US and Iran.
Read sourceChina Cuts Fuel Price Hike by Half in Fourth Intervention Amid Global Oil Volatility
China's National Development and Reform Commission (NDRC) announced on September 24 that it will again intervene to cap domestic fuel price increases, reducing a scheduled rise of 830 yuan per ton for gasoline and 800 yuan per ton for diesel to actual increases of 395 yuan and 385 yuan, respectively. This is the fourth such intervention in about six months, following earlier actions on March 23, April 7, and September 11. The move aims to mitigate the impact of volatile international crude oil prices, driven by Middle East tensions and supply disruptions, on Chinese consumers ahead of the Mid-Autumn Festival and National Day holidays. Analysts from various firms, including Wang Xueqin of Papi Media, Li Yan, and Wang Yanting, forecast that the next adjustment window on October 15 may see a price cut, citing recent declines in international oil prices and potential diplomatic progress between Iran and the US. The article also details the cumulative impact on consumers, noting a 'three consecutive increases' in retail fuel prices.
Read sourceChina Raises Gasoline and Diesel Prices by 395 and 385 Yuan per Ton from September 24
China's National Development and Reform Commission (NDRC) announced on September 24 that domestic gasoline and diesel prices will be raised from 24:00 that day. According to the current pricing mechanism, the standard prices should have increased by 830 yuan per ton for gasoline and 800 yuan per ton for diesel. However, due to temporary regulatory measures aimed at mitigating the impact of rising international crude oil prices, the actual increases are 395 yuan per ton for gasoline and 385 yuan per ton for diesel. The NDRC stated that since the last adjustment on September 11, the international crude oil market has experienced rapid price increases followed by a decline, and then a recent surge, driven by complex and volatile geopolitical situations in the Middle East. The commission will guide production and sales enterprises to ensure stable supply and will cooperate with market supervision authorities to enforce price policies and protect consumer interests.
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China to Raise Fuel Prices from Midnight; Guangdong Announces New Rates
China will raise domestic gasoline and diesel prices effective 24:00 on September 24, 2026, according to an announcement from the National Development and Reform Commission (NDRC) relayed by local media. The NDRC stated that due to complex and volatile geopolitical situations in the Middle East, international crude oil prices rose rapidly then fell, before surging again recently. To mitigate the impact on the domestic market, the government applied regulatory measures. Under the current pricing mechanism, standard gasoline and diesel prices should have increased by 830 yuan and 800 yuan per ton respectively, but after regulatory intervention, the actual increases are 395 yuan and 385 yuan per ton. Guangdong Province confirmed it will implement the adjusted prices accordingly. The article also includes local traffic restriction notices for Shantou city related to construction projects, effective from September 25, 2026.
Read sourceChina Raises Gasoline Prices; Filling a 50-Liter Tank Costs 15.5 Yuan More
China's National Development and Reform Commission (NDRC) announced a price increase for domestic gasoline and diesel effective from 24:00 on September 24. According to the current pricing mechanism, standard gasoline and diesel prices should have risen by 830 yuan and 800 yuan per ton respectively, but after temporary regulatory measures to mitigate the impact of rising international oil prices, the actual increases were 395 yuan and 385 yuan per ton. Based on calculations by JLC Network Technology, this translates to increases of 0.31 yuan per liter for 92-octane gasoline, 0.33 yuan per liter for 95-octane gasoline, and 0.33 yuan per liter for 0-diesel. For a typical small car with a 50-liter fuel tank, filling up with 92-octane gasoline will cost an additional 15.5 yuan. The NDRC attributed the adjustment to complex and volatile geopolitical situations in the Middle East, including tensions in the Strait of Hormuz and a pipeline disruption in the Saudi Red Sea, which have driven up global crude oil supply risks. The NDRC's Price Monitoring Center noted that geopolitical uncertainties, reduced global oil demand forecasts by the International Energy Agency, and the US Federal Reserve's interest rate hikes have all contributed to oil price volatility. The center warned that disruptions to shipping routes in the Red Sea and the Bab el-Mandeb strait are exacerbating market fluctuations.
Read sourceChina Raises Fuel Prices Before Mid-Autumn Holiday, Adding 15 Yuan Per Tank
China will raise domestic gasoline and diesel prices effective September 24, 2024, according to the National Development and Reform Commission (NDRC). The adjustment, which is lower than the calculated increase due to government intervention, will see gasoline and diesel prices rise by 395 yuan and 385 yuan per tonne respectively. For consumers, this means an additional cost of about 15 yuan to fill a standard 50-liter car tank. The NDRC cited volatile international crude oil prices driven by complex geopolitical tensions in the Middle East as the reason for the increase. Analyst Li Yan from Longzhong Information forecast that the next adjustment cycle is likely to see a price decrease, noting that international oil prices have already fallen during the current cycle and that the risk of further geopolitical escalation in the Middle East is low ahead of the US midterm elections.
Read sourceChina Raises Fuel Prices for Third Straight Time, Capping Increase to Ease Consumer Impact
China's National Development and Reform Commission (NDRC) announced a third consecutive increase in domestic refined oil prices on September 24, raising gasoline and diesel prices by 395 yuan and 385 yuan per tonne respectively, after applying temporary controls that halved the calculated increase. The adjustment pushes 95-octane gasoline above 9 yuan per liter, raising costs for consumers ahead of the Mid-Autumn Festival and National Day holidays. The NDRC attributed the move to volatile international crude prices driven by Middle East tensions, particularly the ongoing situation in the Strait of Hormuz and a Saudi Red Sea pipeline disruption. Analysts from Jiemian News, including Wang Xueqin of Zhicheng Consulting, noted that while prices retreated from highs due to Fed rate hike expectations and potential Middle East détente, the domestic adjustment remained upward. Li Yan of Longzhong Information and Wang Xueqin both forecast a price cut in the next cycle starting October 15, citing recent international price declines and diplomatic signals from Iran and the US. The US diesel price has risen over 70% since the Iran war began in late February, and President Trump has called for a possible diesel export ban. The next adjustment window opens on October 15.
Read sourceChina Adjusts Fuel Prices, Capping Increases to Mitigate Global Oil Impact
China's National Development and Reform Commission (NDRC) announced a controlled adjustment to domestic refined oil prices, effective from 24:00 on September 24. According to the existing pricing mechanism, gasoline and diesel prices (standard products) should have increased by 830 yuan and 800 yuan per ton, respectively. However, the government implemented a smaller actual increase of 395 yuan per ton for gasoline and 385 yuan per ton for diesel. The move is a response to volatile international crude oil prices, which have been driven up by the complex and changing geopolitical situation in the Middle East. The NDRC stated that the measure aims to mitigate the impact of rising international oil prices on the domestic economy. It also pledged to guide production and sales enterprises to ensure stable market supply and to intensify market supervision to prevent price violations and protect consumer interests.
Read sourceChina Adjusts Fuel Prices Upward, Government Implements Control Measures
According to a report from Sohu Finance, China's National Development and Reform Commission (NDRC) has announced a controlled adjustment to domestic gasoline and diesel prices, effective from 24:00 on September 24. The move follows volatile international crude oil markets driven by complex and changing geopolitical tensions in the Middle East. Under the existing pricing mechanism, the calculated increase was 830 yuan per ton for gasoline and 800 yuan per ton for diesel. However, the government implemented a smaller actual increase of 395 yuan per ton for gasoline and 385 yuan per ton for diesel to mitigate the impact of rising international oil prices on the domestic economy. The NDRC stated it will guide production and sales enterprises to ensure stable supply and will cooperate with relevant authorities to strictly enforce price policies and penalize violations, aiming to protect market order and consumer interests.
Read sourceChina Adjusts Fuel Prices Upward, Government Imposes Controls to Curb Oil Price Impact
China's National Development and Reform Commission (NDRC) announced a controlled adjustment to domestic gasoline and diesel prices, effective from 24:00 on September 24. According to the existing pricing mechanism, the standard product prices should have increased by 830 yuan per ton for gasoline and 800 yuan per ton for diesel. However, the government implemented a smaller increase of 395 yuan per ton for gasoline and 385 yuan per ton for diesel, citing the need to mitigate the impact of rising international crude oil prices on the domestic economy. The article notes that since the last adjustment on September 11, the international crude oil market has experienced volatility due to complex and changing geopolitical situations in the Middle East, with prices rising sharply before falling and then surging again. The NDRC stated it will guide production and sales enterprises to ensure stable supply and will cooperate with relevant departments to strictly enforce price policies and protect consumer interests.
Read sourceChina Adjusts Fuel Prices Upward, Government Intervenes to Curb Oil Price Impact
China's National Development and Reform Commission (NDRC) announced a controlled adjustment to domestic gasoline and diesel prices, effective from 24:00 on September 24. According to the existing pricing mechanism, the standard product prices for gasoline and diesel should have increased by 830 yuan and 800 yuan per ton respectively. However, the government implemented a smaller actual increase of 395 yuan per ton for gasoline and 385 yuan per ton for diesel. The move is a response to volatile international crude oil prices, which have been influenced by complex and changing geopolitical situations in the Middle East. The NDRC stated it will guide production and sales enterprises to ensure stable supply and will cooperate with relevant departments to strictly enforce price policies and protect consumer interests.
Read sourceChina Adjusts Fuel Prices, Capping Increases to Mitigate Global Oil Impact
China's National Development and Reform Commission (NDRC) announced a controlled adjustment to domestic refined oil prices, effective from 24:00 on September 24. According to the existing pricing mechanism, gasoline and diesel prices (standard product) should have increased by 830 yuan and 800 yuan per ton, respectively. However, the government implemented a smaller actual increase of 395 yuan per ton for gasoline and 385 yuan per ton for diesel. The NDRC stated this measure is intended to mitigate the impact of rising international crude oil prices on the domestic economy, following a period of volatility in the Middle East geopolitical situation. The price of international crude oil rose rapidly after the last adjustment on September 11, then fell, before surging again recently. The NDRC will guide production and sales enterprises to ensure stable supply and will cooperate with relevant departments to enforce price policies and protect consumer interests.
Read sourceChina Adjusts Fuel Prices Upward, Government Implements Market Intervention Measures
China's National Development and Reform Commission (NDRC) announced a controlled increase in domestic gasoline and diesel prices effective from 24:00 on September 24. According to the existing pricing mechanism, the standard product prices should have risen by 830 yuan per ton for gasoline and 800 yuan per ton for diesel. However, the government implemented a smaller actual increase of 395 yuan per ton for gasoline and 385 yuan per ton for diesel, citing the need to mitigate the impact of rising international crude oil prices on the domestic economy. The article notes that since the last adjustment on September 11, the international crude oil market has experienced volatility due to complex and changing geopolitical situations in the Middle East, with prices initially rising sharply, then falling, and recently surging again. The NDRC stated it will guide fuel production and sales enterprises to ensure stable supply and will cooperate with relevant authorities to strengthen market supervision, strictly investigate and punish violations of national price policies, and protect consumer interests.
Read sourceChina Adjusts Fuel Prices, Capping Increases to Mitigate Global Oil Impact
China's National Development and Reform Commission (NDRC) announced a controlled adjustment to domestic refined oil prices, effective from 24:00 on September 24. According to the existing pricing mechanism, gasoline and diesel prices (standard product) should have increased by 830 yuan and 800 yuan per ton respectively. However, the government implemented a smaller actual increase of 395 yuan per ton for gasoline and 385 yuan per ton for diesel. The decision follows volatile international crude oil prices driven by complex geopolitical tensions in the Middle East, which saw prices surge, then fall, and recently rise again. The NDRC stated the measure aims to mitigate the impact of rising international oil prices on the domestic economy. It also instructed production and sales enterprises to ensure stable supply and called for enhanced market supervision to prevent price violations and protect consumer interests.
Read sourceChina Adjusts Fuel Prices, Capping Increases to Mitigate Global Oil Impact
China's National Development and Reform Commission (NDRC) announced a controlled adjustment to domestic refined oil prices, effective from 24:00 on September 24. According to the existing pricing mechanism, gasoline and diesel prices (standard product) should have increased by 830 yuan and 800 yuan per ton, respectively. However, the government implemented a smaller actual increase of 395 yuan per ton for gasoline and 385 yuan per ton for diesel. The decision follows volatile international crude oil markets, which saw prices surge and then retreat after September 11 due to complex and changing geopolitical situations in the Middle East, before rising again recently. The NDRC stated the measure aims to mitigate the impact of rising international oil prices on the domestic economy. The commission will guide production and sales enterprises to ensure stable supply and will work with relevant departments to strictly enforce price policies and penalize violations to protect consumer interests and maintain market order.
Read sourceChina Adjusts Fuel Prices, Capping Increases to Mitigate Global Oil Impact
China's National Development and Reform Commission (NDRC) announced a controlled adjustment to domestic refined oil prices, effective from 24:00 on September 24. According to the existing pricing mechanism, gasoline and diesel prices (standard product) should have increased by 830 yuan and 800 yuan per ton, respectively. However, the government implemented a smaller actual increase of 395 yuan per ton for gasoline and 385 yuan per ton for diesel. The move is a direct response to volatile international crude oil prices, which have been driven up by the complex and changing geopolitical situation in the Middle East. The NDRC stated the measure aims to mitigate the impact of rising global oil prices on the domestic economy. It also instructed production and sales enterprises to ensure stable market supply and called for increased market supervision to prevent price violations and protect consumer interests.
Read sourceChina Adjusts Fuel Prices, Capping Increases to Mitigate Global Oil Impact
China's National Development and Reform Commission (NDRC) announced a controlled adjustment to domestic gasoline and diesel prices, effective from 24:00 on September 24. According to the existing pricing mechanism, the standard product prices should have increased by 830 yuan per ton for gasoline and 800 yuan per ton for diesel. However, the government implemented a smaller actual increase of 395 yuan per ton for gasoline and 385 yuan per ton for diesel. This intervention aims to cushion the domestic economy from the impact of volatile international crude oil prices, which have been driven by complex and changing geopolitical situations in the Middle East. The NDRC stated it will guide production and sales enterprises to ensure stable supply and will cooperate with relevant departments to strictly enforce price policies and penalize violations, in order to protect consumer interests and maintain market order.
Read sourceChina Adjusts Fuel Prices, Capping Increases to Mitigate Global Oil Impact
China's National Development and Reform Commission (NDRC) announced a controlled adjustment to domestic refined oil prices, effective from 24:00 on September 24. According to the existing pricing mechanism, gasoline and diesel prices (standard products) should have increased by 830 yuan and 800 yuan per ton, respectively. However, the government implemented a smaller increase of 395 yuan per ton for gasoline and 385 yuan per ton for diesel. The article states that since the last price adjustment on September 11, the international crude oil market has experienced volatility due to complex and changing geopolitical situations in the Middle East, with prices rising sharply before falling and then surging again. The NDRC stated that this intervention aims to mitigate the impact of rising international oil prices on the domestic market. The commission will guide production and sales enterprises to ensure stable supply and will cooperate with relevant departments to enforce price policies and protect consumer interests.
Read sourceChina Adjusts Fuel Prices Upward, Government Intervenes to Curb Oil Price Impact
China's National Development and Reform Commission (NDRC) announced a controlled adjustment to domestic refined oil prices, effective from 24:00 on September 24. According to the existing pricing mechanism, gasoline and diesel (standard product) prices should have increased by 830 yuan and 800 yuan per ton respectively. However, the government implemented a smaller actual increase of 395 yuan per ton for gasoline and 385 yuan per ton for diesel. This intervention aims to mitigate the impact of volatile international crude oil prices on the domestic market. The article notes that since the last price adjustment on September 11, the geopolitical situation in the Middle East has been complex and volatile, causing international crude oil prices to rise sharply, then fall, and recently surge again. The NDRC stated it will guide production and sales enterprises to ensure stable supply and will cooperate with relevant departments to strictly enforce price policies and protect consumer interests.
Read sourceChina Adjusts Fuel Prices, Capping Increases to Mitigate Global Oil Impact
China's National Development and Reform Commission (NDRC) announced a controlled adjustment to domestic refined oil prices, effective from 24:00 on September 24. According to the existing pricing mechanism, gasoline and diesel (standard product) prices should have risen by 830 yuan and 800 yuan per ton respectively. However, the government implemented a smaller actual increase of 395 yuan per ton for gasoline and 385 yuan per ton for diesel. The decision follows volatile international crude oil markets, which saw prices surge and then retreat after September 11 due to complex and changing geopolitical tensions in the Middle East, before recently rising again. The NDRC stated the measure aims to cushion the domestic impact of rising global oil prices. It also instructed fuel production and sales companies to ensure stable supply and called for enhanced market supervision to prevent price violations and protect consumer interests.
Read source