China's top economic planner announced on Monday that it is taking temporary control measures on domestic gasoline and diesel prices to shield the economy and consumers from a recent abnormal spike in international crude oil prices.

Starting at midnight on Monday, the retail prices of gasoline and diesel will see a moderated increase of 1,160 yuan ($163) and 1,115 yuan per metric ton, respectively, according to the National Development and Reform Commission.

Under the country's existing pricing mechanism, the sharp rise in global oil prices—driven by escalating geopolitical conflicts, would have triggered a much steeper hike of 2,205 yuan per ton for gasoline and 2,120 yuan per ton for diesel.

The NDRC stated that this temporary intervention, executed within the framework of the current pricing mechanism, is designed to mitigate the impact of extreme global market fluctuations. The move aims to ease the financial burden on downstream users, ensure the smooth operation of the macroeconomy, and safeguard people's basic livelihoods.

To maintain market stability, the commission has directed major oil production and sales enterprises to optimize their operations, coordinate transport, and guarantee an adequate market supply of refined oil.

Furthermore, the NDRC pledged to work closely with relevant departments to intensify market supervision. Authorities will strictly crack down on any violations of national price policies to maintain market order and effectively protect consumer rights and interests.