- BIST10011,722-2.89%
- USD49.45+0.05%
- EUR55.62+0.37%
- GOLD4,181.10+0.26%
- INTEREST37.00%-1.00
- BITCOIN81,789+0.50%
- October 18, 202611°
- BIST10011,722-2.89%
- USD49.45+0.05%
- EUR55.62+0.37%
- GOLD4,181.10+0.26%
- INTEREST37.00%-1.00
- BITCOIN81,789+0.50%
- October 18, 202611°
China makes biggest cuts in fuel prices and flight surcharges in six years
Following a drop in global oil prices, China has made the biggest cuts in gasoline and diesel prices in six years. Fuel surcharges on domestic flights have also been reduced.
China has made the biggest cuts 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 gasoline prices were 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 ties 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 fill-up, while truck drivers will save around 400 yuan ($59) per fill-up.
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) for short-haul flights and 50 yuan (about $7) for long-haul flights. The move aims to ease domestic travel costs.
The NDRC also called on major refining companies to ensure supply stability in the market, and said it will continue to closely monitor domestic energy demand, which is gradually rising with economic expansion and changes in consumption patterns. While energy consumption in China reached high levels in 2025, crude oil demand and the expansion of clean energy sources continue.
Stay Updated with The Turkiye 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
