S&P 500 — US Large Cap Index
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IPC Index — Mexico MarketChina will keep controls on retail gasoline and diesel prices from Wednesday, April 8, to cushion the impact of volatile global oil markets, according to the National Development and Reform Commission. The move follows “significant fluctuations” in international crude prices since late March. Under Beijing’s pricing formula, fuel prices would have risen sharply, by CNY 800 per tonne for gasoline and CNY 770 for diesel, but the government limited the increases at CNY 420 and CNY 400, respectively. Authorities also instructed major state oil firms, including China National Petroleum Corporation, China Petrochemical Corporation, and China National Offshore Oil Corporation, as well as other refiners, to maintain output and logistics to ensure a stable domestic fuel supply.
