China to raise retail diesel price by 170 yuan per tonne

China to raise retail diesel price by 170 yuan per tonne

China Announces Increase in Retail Diesel and Gasoline Prices

On November 11, 2025, China's National Development and Reform Commission (NDRC) announced a rise in retail gasoline and diesel prices, citing recent fluctuations in international oil markets. According to the NDRC, gasoline prices will increase by 125 yuan ($17.64) per tonne, while diesel prices will rise by 120 yuan per tonne according to the announcement. This adjustment reflects the country's mechanism to align domestic fuel prices with global benchmarks, which are influenced by geopolitical dynamics and supply-demand imbalances in the energy sector.

The NDRC emphasized that state-owned oil producers—China National Petroleum Corporation, China Petrochemical Corporation, and China National Offshore Oil Corporation—must maintain stable production and distribution to ensure uninterrupted fuel supplies. Additionally, regional authorities have been directed to intensify market oversight to prevent price manipulation or violations of national pricing policies as stated by the NDRC.

This move contrasts with earlier adjustments in 2025, when retail fuel prices were reduced to alleviate cost pressures on consumers and industries according to government reports. The latest increase underscores the volatility of global oil markets and China's efforts to balance domestic economic stability with international price trends. Analysts note that higher fuel costs could impact transportation and logistics sectors, potentially contributing to inflationary pressures in the short term.

Investors monitoring China's energy policy should consider the interplay between global oil prices, domestic demand, and regulatory interventions. The NDRC's statement signals a commitment to transparency in price adjustments while prioritizing market stability. Further updates may follow if international oil prices experience significant shifts in the coming months.

Xinhua: (Xinhua) 09:32, November 11, 2025 – BEIJING, Nov. 10 (Xinhua) — China will raise its retail prices of gasoline and diesel from Tuesday...