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Tue, 24 Mar 2026

Tue, 24 Mar 2026 China dials back on fuel price hikes to 'reduce burden' on drivers

It comes as countries across the region are taking various measures to weather the soaring cost of fuel.

* China reduces planned fuel price hikes by nearly half
* Petrol prices to increase by 1,160 yuan per tonne (down from 2,205 yuan)
* Diesel prices to increase by 1,115 yuan per tonne (down from 2,120 yuan)
* Prices will be implemented starting Tuesday
* Long queues of cars formed outside petrol stations in multiple Chinese cities over the weekend due to fuel shortage
* Over 300 million people in China drive cars that run on petrol or diesel
* Brent crude oil price jumps above $100 a barrel on Tuesday