An employee fuels a car at a gasoline station in Shijiazhuang, North China's Hebei Province, on April 21, 2026. Starting from 24:00 on April 21, China's retail prices for gasoline and diesel will be reduced by 555 yuan ($81.4) and 530 yuan per ton, respectively, the National Development and Reform Commission said. Photo: VCG

Starting from 24:00 on April 21, China's retail prices for gasoline and diesel will be reduced by 555 yuan ($81.4) and 530 yuan per ton, respectively, in accordance with changes in international oil prices, the National Development and Reform Commission (NDRC) said on Tuesday. 

This round of price adjustment is the eighth this year and also the first reduction since the beginning of this year, China Media Group (CMG) reported.

Nationally, on average, the equivalent reductions per liter are 0.44 yuan for 92-octane gasoline, 0.46 yuan for 95-octane gasoline, and 0.45 yuan for 0-diesel. Filling a 50-liter tank with 92-octane gasoline will cost 22 yuan less, the CMG report said.

According to the NDRC, since the last adjustment of domestic market refined oil prices on April 7, international crude oil prices have experienced sharp fluctuations. After a significant decline in previous days, they rose considerably again on April 20. 

However, the average price over the 10 working days prior to the coming adjustment remains lower than that of the 10 working days before the previous price adjustment.

CNPC, Sinopec, CNOOC, and other crude oil processing enterprises should organize the production and transportation of refined oil products to ensure stable market supply and strictly implement the government's pricing policies. Relevant departments in the country should strengthen market supervision and inspection, severely penalize any violations of the policies, and maintain normal market order, said the NDRC.

Global Times