info@marketresearchfuture.com   📞  +1 (855) 661-4441(US)   📞  +44 1720 412 167(UK)

Surge In Gasoline And Diesel Prices In China

By Shubhendra Anand , 01 May, 2024

The Chinese government decides to soar in gasoline and diesel prices in between the increasing crude oil prices in 2024. Around the beginning of the first quarter of 2024, crude oil prices are experiencing a sudden price hike. Therefore, the gasoline and diesel prices are set to increase in China as decided by the Chinese government in April 2024.

According to recent reports on the increasing gasoline and diesel prices in China, the prices will increase to USD 27.60 per ton for gasoline and up to USD 27 per ton for diesel in 2024. The Chinese government reveals that gasoline and diesel prices are increasing due to rising crude oil prices. Globally, the rise in crude oil prices affects the domestic oil market in various regions. The Chinese government has warned the oil refiners in the country to control the oil production and deliver it to the market wisely. This is due to maintaining a stable oil supply for consumers at a moderate price. However, an international hike in crude oil will change domestic oil prices in 2024.

Based on a survey from Chinese National Petroleum Corporation, the oil demand can increase in China till 2025. The data from the survey shows a decline in oil demand from 2030 due to clean energy transitions. Therefore, oil price changes depend on various factors, but consumer demand still ranks higher.

Changing dynamics of oil market

China.png

Latest News

period.png
Packaging Manufacturer Collabs with Solar Projects to Enhance Cleantech in 2024

Companies are making significant moves towards the clean energy transition in various ways. In order to reduce carbon emissions, certain companies are investing in several rescue methods in 2024. Renewables production is growing over time as the…

Read More

Amazon.png
Amazon Enables News Technologies to Help its Business Customers

Amazon is one of the leading global e-commerce platforms for consumers. The brand boosts its online shopping experience for users in multiple ways. Surveys show that Amazon regulates several business solutions to increase its products and services…

Read More

2023.png
Asian Carbon Emissions Affects West’s Clean Energy Transition Process in 2024

Globally, countries are facing challenges in the transformation of green energy. The economies worldwide target to achieve net zero emissions. Hence, countries are introducing several ways to reduce environmental carbon emissions. Developing…

Read More

2023.png
China to Boost Oil and Gas Production from New Sources in 2024

China is the leading nation in the energy market. Since the clean energy transition focuses on renewables, China surpasses other nations in renewables production. In a mission to strengthen its energy security, China moves forward with oil and gas…

Read More

market.png
China Copper Export Increases in the Global Market

There will be a surge in copper demand in the energy market in 2024. The growing demand for copper contributes to different usages in the energy market. China stands out in the copper exports of 2024. The Chinese economy is booming, with an…

Read More

Author Pic
Shubhendra Anand

Head Research