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- October 18, 202613°
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- INTEREST37.00%-1.00
- BITCOIN80,821-0.69%
- October 18, 202613°
China has made the biggest cut in fuel and flight surcharges in six years
Following the drop in global oil prices, China has made the biggest cut in gasoline and diesel prices in six years. Fuel surcharges on domestic flights have also been reduced.
China has made the biggest cut in retail fuel prices and domestic flight fuel surcharges in six years, driven by the downturn in global energy markets.
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 made 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 return to normal 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, 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 on short-haul flights has dropped by 30 yuan (about $4.4), and on long-haul flights by 50 yuan (about $7). The move aims to ease domestic travel costs.
The NDRC also called on major refinery companies to ensure stable market supply, and said it will continue to closely monitor domestic energy demand, which is gradually rising with 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.
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