- BIST10011,577-1.87%
- USD49.58+0.05%
- EUR55.62+0.09%
- GOLD4,153.30+0.26%
- INTEREST37.00%-1.00
- BITCOIN84,622+2.03%
- October 21, 202617°
- BIST10011,577-1.87%
- USD49.58+0.05%
- EUR55.62+0.09%
- GOLD4,153.30+0.26%
- INTEREST37.00%-1.00
- BITCOIN84,622+2.03%
- October 21, 202617°
China announces biggest fuel and flight surcharge cut in 6 years
China implemented the biggest cut in gasoline and diesel prices in 6 years following a drop in global oil prices. Fuel surcharges on domestic flights were also reduced.
Driven by the downturn in global energy markets, China has implemented the biggest cut in retail fuel prices and domestic flight fuel surcharges in 6 years.
The National Development and Reform Commission (NDRC) announced that the price of gasoline was reduced by 950 yuan (about $139) per ton, and diesel by 915 yuan (about $135) per ton. The cut was implemented under the pricing mechanism that links domestic prices to international crude oil fluctuations and is updated every ten working days.
The decision came after global oil prices retreated from recent highs and tensions in the Middle East eased, leading to a gradual normalization of transit through the Strait of Hormuz.
Tian Li, head of the Economic Center at the Energy Research Institute of the Chinese Academy of Macroeconomic Research, said the adjustment will directly benefit consumers. According to Tian, private car owners will save about 40 yuan ($5.9) per tank of fuel, while truck drivers will save about 400 yuan ($59) per tank.
In the aviation sector, Chinese carriers including Air China have reduced fuel surcharges on domestic flights starting July 5. Under the new tariff, the surcharge is set at 50 yuan (about $7) for flights up to 800 kilometers, and 100 yuan (about $14.7) for longer flights. Infants are exempt from the fee, while children, disabled soldiers, and police officers will receive a 50 percent discount.
Compared to previous levels, the surcharge has been reduced by 30 yuan (about $4.4) on short-haul flights and 50 yuan (about $7) on long-haul flights. The move aims to ease domestic travel costs.
The NDRC also called on major refinery companies to ensure supply stability in the market, and said it will continue to closely monitor domestic energy demand, which is gradually increasing alongside economic expansion and changes in consumption patterns. Energy consumption in China reached high levels in 2025, while crude oil demand and the expansion of clean energy sources continue.
Stay Updated with Hilal Times
Subscribe to be informed about special news, developments and announcements. We will keep you informed.
By signing up, you agree to our Privacy Policy
