Indicates the type of a location. Location Type Defined by CCTVPLUS Indicates the role that a specific instance of a description takes among all descriptions. Description Role Defined by CCTVPLUS The role in the overall content stream. Part Role Indicates a kind of content rendition. Content Rendition Defined by CCTVPLUS CCTV Newscontent Co.,Ltd. CCTV Newscontent Co.,Ltd. All Rights Reserved. No access Chinese mainland CCTV Newscontent www.cctvplus.com +86-10-83949886 +86-10-63978447 contact@cctvplus.com 2026-06-04T17:04:00Z 2026-06-04T17:04:00Z 2026-06-04 2014-11-06T09:22:45Z China Central Television China Economy/Other June 4, 2026/File China-Fuel Prices Down China to cut retail prices of gasoline, diesel China will reduce retail prices of gasoline and diesel from Friday to reflect recent changes in international oil prices, the country's top economic planner said on Thursday. Gasoline prices will be cut by 525 yuan (about 77.46 U.S. dollars) per tonne, and diesel prices will drop by 505 yuan per tonne, according to the National Development and Reform Commission (NDRC). During this round of price adjustment cycle, the US-Iran peace talks have continuously sent positive signals, and the market's expectation of a cooling of the geopolitical conflict has continued to strengthen, driving the Brent crude oil futures price back to around 92 U.S. dollars per barrel. However, recently, multiple fronts in the Middle East have clashed, raising geopolitical risks and driving international oil prices higher. In addition, the significant reduction in crude oil supply from the Gulf countries and the global inventory dropping to a low level will continue to support the high operation of international oil prices. "According to international institutions' predictions, by the end of May, the total global crude oil stocks dropped to the equivalent of roughly 98 days of global demand, breaching the industry's 100-day warning line. The current evolution of the Iran-US conflict is the primary factor shaping the trend in international oil prices. Recently, the uncertainty of the peace talks between the two sides has increased, and it is expected that the fluctuations in international oil prices will be magnified in the short term," said Meng Peng, a senior analyst with Sublime China Information Co., Ltd. Chinese/Nats/Part Mute FILE: China - Date Unknown (CCTV -No access Chinese mainland) 1. Sinopec's gas station 2. Vehicles entering gas station 3. Boards with information on diesel FILE: Liaoning Province, northeast China - Date Unknown (CCTV - No access Chinese mainland) 4. Various of trucks passing through toll station, vehicles moving on highway Shandong Province, east China - Recent (CCTV - N0 access Chinese mainland) 5. SOUNDBITE (Chinese) Meng Peng, senior analyst, Sublime China Information Co., Ltd.: "According to international institutions' predictions, by the end of May, the total global crude oil stocks dropped to the equivalent of roughly 98 days of global demand, breaching the industry's 100-day warning line. The current evolution of the Iran-US conflict is the primary factor shaping the trend in international oil prices. Recently, the uncertainty of the peace talks between the two sides has increased, and it is expected that the fluctuations in international oil prices will be magnified in the short term." FILE: Heilongjiang Province, northeast China - Date Unknown (CCTV - No access Chinese mainland) 6. Oil production facilities FILE: Sichuan Basin - 2025 (CCTV - No access Chinese mainland) 7. Aerial shots of oil, gas equipment