China has introduced temporary control measures on retail gasoline and diesel prices to cushion the impact of a sharp rise in global oil prices. According to China’s National Development and Reform Commission (NDRC), the move is intended to reduce pressure on downstream users, support stable economic activity, and protect people’s livelihoods.
Under China’s normal pricing system, which has been in place since 2013, fuel prices would have risen much more sharply from midnight on March 23. Gasoline prices were expected to increase by 2,205 yuan per tonne and diesel by 2,120 yuan per tonne. However, under the temporary controls, the increases were limited to 1,160 yuan per tonne for gasoline and 1,115 yuan per tonne for diesel. This means the government has stepped in to prevent the full burden of higher international oil prices from being passed on to domestic consumers and businesses.
This is the first time China has applied such controls since the current oil pricing mechanism was introduced, highlighting the seriousness of recent price volatility in global energy markets. Analysts view the step as a practical response that can help ease inflationary pressure and maintain broader economic stability.
The NDRC also said it will work closely with refiners and fuel distributors to ensure sufficient supply across the market. At the same time, regulators will strengthen inspections and enforce pricing rules strictly to prevent misconduct and protect consumer interests.
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