China to raise retail fuel prices from May 9

China will increase retail gasoline prices by 320 yuan per metric ton and diesel prices by 310 yuan per metric ton starting May 9. This price hike follows a reduction in April. The move signals a shift in pricing strategy after previous adjustment...

By Reuters | May 08, 2026, 01.12 PM IST

Cars are being fuelled at a Sinochem-Total gas station ahead of an announced fuel price hike, amid the U.S.-Israeli conflict with Iran, in Beijing, China

HONG KONG: China will raise retail gasoline prices by 320 yuan ($47.05) per metric ton ‌from ⁠May ⁠9 as part of regular price review, with retail diesel prices increasing by 310 yuan per metric ⁠ton, the ‌country's state planner said on Friday.

The ⁠move comes as China goes back to raising the price caps after lowering them in April to mitigate rising ‌oil prices from the Iran war and the ⁠effective closure of the Strait of Hormuz.

($1 = 6.8014 Chinese yuan renminbi)

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