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China cuts domestic fuel prices due to global oil drop after U.S.-Iran ceasefire.
China is lowering its domestic fuel prices for the first time in 2026 as global oil prices drop following a ceasefire between the U.S. and Iran.
The National Development and Reform Commission announced a reduction of 555 yuan per tonne for petrol and 530 yuan per tonne for diesel, saving drivers about $3.23 per tank.
This adjustment follows recent price increases designed to protect consumers from soaring oil costs due to the conflict.
Authorities have directed oil companies to maintain stable supply while warning that renewed tensions could disrupt markets.
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China reduce los precios domésticos de los combustibles debido a la caída global del petróleo después del alto el fuego entre Estados Unidos e Irán.