Oil prices meet the "three consecutive falls", and a box of oil can cost about 12 yuan less

2022-07-27

According to the notice of the national development and Reform Commission, from 24:00 on July 26, 300 yuan per ton of gasoline and 290 yuan per ton of diesel will be reduced. This is the first "three consecutive falls" in domestic refined oil prices this year and the fourth reduction in this year. The agency estimates that the price adjustment is equivalent to a reduction of 0.24 yuan per liter for No. 92 gasoline, 0.25 yuan per liter for No. 95 gasoline, and 0.25 yuan per liter for No. 0 diesel. After this round of price adjustment, No. 95 gasoline in some parts of the country is expected to return to the "8 Yuan era". (on July 25, the price of No. 95 gasoline was 9.35 yuan per liter at a gas station in Haidian District, Beijing.) Take an ordinary private car with a fuel tank capacity of 50L as an example. After the price adjustment, owners will spend about 12 yuan less to fill up a tank of oil. In terms of diesel, for large trucks with a tank capacity of 160L, filling up a tank of oil will cost about 40 yuan less. This round is the 14th price adjustment of domestic oil price in 2022. After the price adjustment, the refined oil shows a pattern of "ten rises and four falls" in the year. After the recent trend of "three consecutive falls" in the price of refined oil, gasoline has been reduced by 980 yuan per ton and diesel by 945 yuan per ton, equivalent to a reduction of about 0.77 yuan per liter of gasoline and about 0.8 yuan per liter of diesel. An ordinary private car with a 50L fuel tank can cost about 38.5 yuan less to fill up a tank of oil than before the "three consecutive falls" in oil prices. Ma Jiancai, an analyst of jinlianchuang refined oil, believes that during this round of pricing cycle, the international crude oil price showed a broad shock downward trend. At the beginning of the pricing cycle, repeated outbreaks suppressed investors' mentality, and the increase in U.S. crude oil inventories and the strengthening of the U.S. dollar pressured oil prices by more than 7%. At the end of the pricing cycle, EU sanctions against Russia were relaxed, and the expectation of the Federal Reserve raising interest rates sharply at the end of the month pressured oil prices. Under the guidance of bad news, the trend of crude oil continued to fall. (previous price adjustments of domestic refined oil in 2022.) The next round of domestic refined oil price adjustment window will open at 24:00 on August 9. Li Yan, an analyst at Longzhong information, predicted that based on the current international crude oil price level, the next round of refined oil price adjustment will start with a slight upward trend. At present, a new round of interest rate hikes by the Federal Reserve this month may once again put pressure on the economy and demand, but the geographical and supply side are still good, and there is still room for the game. It is expected that the next round of refined oil price adjustment will be stranded with a high probability. Ma Jiancai said, "at present, the international market continues to weigh the two major factors of supply and demand. In the short term, the price trend will remain volatile, and the direction of the new round of price adjustment is temporarily unclear." (end) (news agency)

Edit:Wei Li Bin    Responsible editor:Yi Bing

Source:China News.com

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