China’s top economic planner announced a significant retail price reduction for gasoline and diesel effective Tuesday, October 28, 2025. Gasoline prices will drop by 265 yuan (about 37.39 U.S. dollars) per tonne, while diesel prices will decrease by 255 yuan per tonne.
The National Development and Reform Commission instructed China’s three largest oil companies—China National Petroleum Corporation, China Petrochemical Corporation, and China National Offshore Oil Corporation—along with other refineries, to ensure efficient production and transportation of refined oil to maintain stable supply.
This price adjustment follows China’s existing pricing policy where refined oil product prices are aligned with international crude oil price movements, reflecting recent global trends.
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