24 Hrs
Source:
المشهد العربي
Beijing limits fuel price increases
The Chinese authorities have decided to reduce domestic fuel price hikes for the third time since the start of the conflict with Iran, aiming to ease the impact of rising global oil prices on the domestic market. An increase of 260 yuan (approximately $38.76) for gasoline and 250 yuan for diesel per ton has been approved, with the changes set to take effect Saturday. As a result, retail prices for gasoline and diesel have increased by 19% and 21%, respectively, compared to pre-conflict levels with Iran, following government intervention to curb potential price jumps that could have reached 435 and 420 yuan per ton.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)