Tensions between the United States and North Korea have ratcheted up after Pyongyang conducted its sixth and most powerful nuclear test September 3, prompting the United Nations to impose even tougher sanctions last week.
China accounts for about 90 percent of North Korea's trade, making its cooperation critical to any efforts to derail Pyongyang's development of nuclear weapons and long-range missiles.
China will also ban textile imports from the North Korea, the ministry said.
The spokesman said the reports are different from the facts.
The sanctions would also ban imports of textiles from Pyongyang.
Textiles are one of the North's last major sources of foreign revenue following repeated rounds of United Nations sanctions under which Beijing cut off purchases of coal, iron ore, seafood and other goods.
The Commerce Ministry said Saturday that China, the North's main trading partner and energy supplier, will limit supplies of refined petroleum products starting October 1.
He added: "Of course, it's going to take months for the impact of these sanctions to be felt, but certainly banning imports of North Korea textiles will hurt the regime because textiles provides what the regime really needs most right now, which is hard currency".
China will suspend such exports once the total exports approaches the ceiling, state-run Xinhua news agency reported.
China's ambassador to the USA has called on Washington to stop making continuous threats over North Korea and "do more" to build bridges of understanding and negotiation instead.
On Thursday, Trump announced an executive order authorizing a new round of sanctions aimed at slowing North Korea's progress toward being able to launch a nuclear strike on the continental U.S. The new sanctions target any company or person doing business with North Korea.
"Donald Trump mocked Kim as a "Rocket Man" on a" suicide mission" at the UN General Assembly. On Friday, Trump said that North Korean leader "is obviously a madman who doesn't mind starving or killing his people" and promised to "test" him. He also said, "we will have no choice but to totally destroy North Korea if forced to defend itself".
Fast-forward to Monday , when Trump met with Macron in NY , and Trump was still admiring that French military parade . We must act for peace in Syria". " We want to strike a blow and block Macron ", France Unbowed's Eric Coquerel said.
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Trump said on Thursday that China's central bank has told its other banks to immediately halt business with North Korea . Furthermore, Ross says he's concerned about the President's dismisal of the Obama-era Iran nuclear deal.
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Ri reportedly added that "We have no idea about what actions could be taken as it will be ordered by leader Kim Jong Un". There have been so many rounds of sanctions against North Korea that it can be hard to keep track.
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