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Gas Prices Surge in China Amid Oil Market Turmoil

3/10/2026

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Story summary
  • On March 10, 2026, gasoline prices rose in China amid oil price fluctuations.
  • Crude oil prices fell below $100 after peaking at $119.5.
  • Analysts say China will stay resilient due to strategic reserves and reduced oil reliance.
  • The National Development and Reform Commission announced increases of 695 yuan for gasoline and 670 yuan for diesel amid disruptions through the Strait of Hormuz, which handles about 20% of global shipments.