# crude

Surge in Crude Sends China’s Pump Prices Up — Biggest Hike Likely This Year

A surge in crude prices driven by Middle East tensions has pushed WTI above $89 and Brent near $92, prompting Chinese authorities to raise retail pump prices by roughly 0.39–0.42 yuan per litre. The adjustment, likely the largest this year, will raise costs for transport and industry and complicate policymakers’ efforts to balance inflation and growth.