China will raise the retail prices of gasoline and diesel from Saturday, based on recent changes in international crude oil prices, the country’s top economic planner announced Friday.
Under the adjustment, gasoline and diesel prices will increase by 260 yuan (about 38.38 U.S. dollars) and 250 yuan per tonne, respectively, according to the National Development and Reform Commission (NDRC).
China’s three biggest oil companies — the China National Petroleum Corporation, the China Petrochemical Corporation and the China National Offshore Oil Corporation — and other refineries, have been directed to maintain production and facilitate transportation to ensure stable supplies.
China’s domestic oil and gas supply is expected to reach 440 million tonnes of oil equivalent by 2030, according to a five-year plan for the sector, which was jointly released by the National Energy Administration and the NDRC in August.
The country’s total oil and gas output reached a new record of 420 million tonnes of oil equivalent in 2025, marking a notable improvement in the country’s independent energy security capacity, official data showed.
