China raised domestic fuel prices for the fourth time this year as global crude prices surged amid the Iran war, increasing costs for drivers and truckers and triggering long lines at gas stations in parts of the country.
China’s National Development and Reform Commission (NDRC) announced that retail gasoline and diesel prices would rise starting midnight on March 10. In China, the fuel prices are set by the commission, the regime’s top economic planning agency. Under the new pricing scheme, gasoline prices increased by about seven percent.
The increase marks the largest single adjustment since March 2022, according to Chinese media National Business Daily (NBD). Since Jan. 20, China has raised fuel prices four times—on Jan. 20, Feb. 3, Feb. 24, and the latest adjustment….
China’s Fuel Price Hike Triggers Gas Lines as Global Oil Prices Climb
