China Caps September 11 Fuel Price Increase Under Temporary Adjustment

Since the domestic refined oil price adjustment on August 28, 2026, the US-Iran conflict has escalated again, international crude oil prices have continued to rise sharply, and crude prices in the Middle East have once more seen abnormal increases. To cushion the impact of rising international oil prices on the domestic economy and safeguard stable economic operation and public livelihoods, temporary control measures were adopted for domestic refined oil prices while retaining the framework of the existing pricing mechanism. Calculated under the current pricing mechanism, domestic gasoline and diesel (standard products) prices should have risen by RMB 435 and RMB 420 per tonne respectively on September 11, 2026; after the adjustment, the actual increases were RMB 260 and RMB 250 per tonne.

The National Development and Reform Commission will guide refined oil producers and sellers to make every effort in production, allocation and transportation, ensure stable market supply, and work with relevant departments to strengthen market supervision and inspection, strictly investigate and punish illegal and irregular conduct such as failure to implement national pricing policy, and effectively maintain market order and protect consumer interests. PetroChina, Sinopec, CNOOC and other crude oil processing enterprises should organize refined oil production, allocation and transportation, ensure stable market supply, and strictly implement national pricing policy. Relevant departments in all regions should strengthen market supervision and inspection, strictly investigate and punish acts of failing to implement national pricing policy, and maintain normal market order. Consumers may report price violations through the 12315 platform. The maximum retail prices of gasoline and diesel in all provinces (autonomous regions and municipalities) and central cities were also published.