China Fuel Crisis News LIVE | US Israel Iran War News LIVE | Middle East War Impacts China LIVE News
China has increased retail fuel prices as part of preparations for a potential fuel crisis amid apprehensions that the US-Israel-Iran conflict may prolong, leading to shortages of gasoline and diesel. The National Development and Reform Commission announced temporary measures starting Tuesday in response to rising international oil prices. Gasoline prices will increase by 1,160 yuan, approximately 168 US dollars per ton, while diesel prices will rise by 1,150 yuan, around 159 US dollars per ton. The measures aim to mitigate the impact of abnormal rises in international oil prices, reduce the burden on downstream users, and ensure stable economic operations and social livelihood. China’s decision reflects concerns about energy supply disruptions, as the country’s oil supplies largely come from the Middle East. The announcement comes despite a five-day ceasefire declared unilaterally by the US as talks between Iran and the US continue.
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