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MARKET STRUCTURE · CHINA

China caps maximum fuel-price increases

China caps maximum fuel-price increases
Change
China capped permitted increases to petrol and diesel maximum retail prices at 1,160 yuan and 1,115 yuan per tonne, respectively, effective from midnight March 23.
Why it matters
The cap restricts how much domestic petrol and diesel retail prices can rise in response to international oil-price spikes, limiting immediate pass-through of higher global oil costs to downstream users.
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