China has reduced petrol and diesel prices at the pump for the first time since the start of the Iran war, according to the National Development and Reform Commission (NDRC). The commission, which serves as China’s top economic planning body, stated that the decision reflects recent changes in global crude oil prices. Fuel prices in China are reviewed every ten working days based on international crude oil market trends.

The NDRC noted that the price cut will allow drivers to save about three US dollars when filling a 50-liter tank. Previously, Beijing had raised the maximum retail prices of petrol and diesel several times as global oil prices surged following the outbreak of the Iran war.

The adjustment marks a shift in China’s fuel pricing policy amid fluctuating global energy markets, aligning domestic prices more closely with international trends.