Is there any risk from the price control of gasoline in China?

Heres the situation with oil price controls. China’s exploration and
development drillers such as CNEH will sell to PetroChina at roughly
globally set crude oil prices. Since PTR has to sell this oil to consumers at a fixed price well below the price of an open market (2.49), the Chinese government will subsidize the companies for being squeezed. The government is paying these companies with their citizens tax money so its not as if Chinese consumers are getting this oil for a discount. Eventually, the price of oil should match the world price
but if it happens too soon, inflation will be rampant. China will need
to cut a deal with the Middle East and other oil rich countries since
they only produce about half their oil need a day and import the rest.