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flag China caps gasoline and diesel price hikes to ease economic strain from rising global oil costs.

flag China has imposed temporary limits on gasoline and diesel price increases, effective March 23, 2026, capping rises at 1,160 yuan and 1,115 yuan per tonne respectively—about half the amount under normal pricing. flag The move, announced by the National Development and Reform Commission, aims to mitigate economic pressure from soaring global oil prices driven by Middle East tensions, particularly around the Strait of Hormuz. flag The controls are intended to stabilize downstream industries, support economic operations, and protect public welfare amid volatile energy markets.

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