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China to lift retail fuel prices from May 9 pushing gasoline and diesel costs higher
International
Published on 8 May 2026
April saw cuts but May brings a sharp jump
China plans to raise retail gasoline prices by 320 yuan per metric ton and diesel by 310 yuan per metric ton starting May 9. The decision comes after April’s reduction and suggests Beijing is adjusting its fuel pricing approach to deal with oil market swings. Drivers are likely to feel the increase soon at the pump.
- Gasoline retail prices rise 320 yuan per metric ton
- Diesel retail prices rise 310 yuan per metric ton from May 9
- The increase follows April’s price cut
- Marks a shift in China’s fuel pricing strategy
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times