# fuel subsidies

China Set to See Biggest Fuel Price Jump This Year as Global Oil Rally Pushes Retail Pump Prices Higher

A sharp global oil rally has pushed international benchmarks to multi‑month highs, triggering China’s scheduled fuel‑price review on March 9. Regulators are expected to raise retail caps by about 500 yuan per tonne, the largest increase this year, raising pump prices and transport costs for consumers and businesses.