Reuters
04 Jun 2026, 07:42 UTC · 2h ago
China to cut domestic retail gasoline, diesel prices from June 5
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Reuters
04 Jun 2026, 07:42 UTC · 2h ago
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Story key points
2 claims · impact-rated
Global energy supplies have been constrained and oil prices boosted due to the war in Iran. — Supply constraints in a major energy region typically drive up crude prices and increase volatility for energy markets.
+0.60China will lower domestic retail price caps on gasoline and diesel starting Friday. — Lower retail price caps reduce margins for domestic distributors and signal a cooling of internal demand or a policy shift to curb inflation.
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