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CHINA STATE PLANNER said domestic gasoline and diesel retail price caps will be cut by 230 yuan per ton and 220 yuan per ton respectively, effective 24:00 on Aug. 14.

2026-08-14

CHINA STATE PLANNER said domestic gasoline and diesel retail price caps will be cut by 230 yuan per ton and 220 yuan per ton respectively, effective 24:00 on Aug. 14.

Other News
2026-08-13

The Russian ruble hit 84 per dollar for the first time since March 20.

The Russian ruble hit 84 per dollar for the first time since March 20.
2026-08-14

CPCA-affiliated Cui Dongshu said July weakness in the China auto market was caused by a convergence of factors: an oil-price rebound, macro slowdown, seasonality, demand pull-forward and policy shifts. Geopolitical disruption around the Strait of Hor

CPCA-affiliated Cui Dongshu said July weakness in the China auto market was caused by a convergence of factors: an oil-price rebound, macro slowdown, seasonality, demand pull-forward and policy shifts. Geopolitical disruption around the Strait of Hormuz pushed international oil prices higher; domestic gasoline prices have been cumulatively raised by 1,575 yuan/ton in 2026, significantly raising running costs and sharply eroding demand for gasoline passenger cars while having little impact on commercial-vehicle demand. July saw MoM declines in CPI and PPI and a softer PMI; cautious income and consumption expectations and weak appetite for big-ticket durables depressed housing and transport spending and terminal auto demand. High July temperatures reduced showroom footfall, and a June half-year sales push pulled forward demand, leaving orders and retail traffic falling in tandem.
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