The Chinese communist regime has implemented temporary regulatory measures to limit the price hike for retail gasoline and diesel to nearly half to what it would be under its pricing mechanism—but it’s still the biggest increase since the start of this year.
Analysts told The Epoch Times that the Chinese regime is ripping off Chinese people through its state-owned oil enterprises under the pretext of international oil prices jumping because of the Iran war.
China’s National Development and Reform Commission announced on March 23 that, effective from Monday midnight, the maximum domestic retail prices for standard-grade gasoline and diesel were to be raised by 2,205 yuan ($320) per metric ton and 2,120 yuan ($398) per metric ton, respectively, but following regulatory adjustments, the actual increases amount to 1,160 yuan ($168) per metric ton and 1,115 yuan ($162) per metric ton….
Chinese Regime’s Cap on Fuel Price Hike Is Price Gouging in Disguise, Analysts Say
