China sees biggest fuel price hike in four years(1/3)

A staff member refuels a vehicle at a gas station in Xining City, Qinghai Province, March 9, 2026. (Photo: China News Service/Zhang Zhongping)

China's refined oil prices have recorded their largest increase in four years as tensions in the Middle East persist and international crude oil prices climb.

China increased domestic gasoline and diesel prices by RMB 695 ($100.56) and RMB 670 ($96.95) per metric ton respectively, effective from midnight Monday, based on the average price changes during the latest 10-working-day pricing cycle under the current pricing mechanism.

A staff member refuels a vehicle at a gas station in Hohhot, capital city of Inner Mongolia Autonomous Region, March 9, 2026. (Photo: China News Service/Liu Wenhua)

A staff member refuels a vehicle at a gas station in Hohhot, capital city of Inner Mongolia Autonomous Region, March 9, 2026. (Photo: China News Service/Liu Wenhua)