Tag

Retail cap

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ResearchPolicy2026-11-03

Refined-product pricing window in sight; crude collapse reopens room for a fuel price cut

China's retail fuel price cap moves with the ten-working-day average of international crude. The single-day plunge widens the gap between the current average and the prior window. With Brent below $106, if the average gap reaches the adjustment threshold, pump prices move down; bonded bunker fuel runs through a separate duty-free channel and stays decoupled from the inland product price.