According to a notice from the National Development and Reform Commission, starting from 24:00 on April 17th, there will be an increase of 550 yuan per ton of gasoline and 525 yuan per ton of diesel. This round is the eighth price adjustment of domestic oil prices in 2023, with oil prices rising to a new high within the year. After the price adjustment, the refined oil products showed a pattern of "three rises, three falls, and two stalls" within the year. According to institutional calculations, this price adjustment amounts to an increase of 0.43 yuan per liter for 92 gasoline, 0.45 yuan per liter for 95 gasoline, and 0.45 yuan per liter for 0 diesel. This means that in some regions, 95 gasoline will return to the "8 yuan era". Taking an ordinary private car with a fuel tank capacity of 50L as an example, after this price adjustment, the owner will spend about 21.5 yuan more to fill one tank of fuel. In terms of diesel, a large truck with a fuel tank capacity of 160L will incur an additional cost of approximately 72 yuan by filling up one tank of fuel. During this pricing cycle, international oil prices have been firming up. Overall, during the pricing cycle, the average price of linked oil species has moved up, corresponding to a positive range of crude oil comprehensive change rate, opening the window for this round of retail price increase. "Liu Wenjie, an analyst at Longzhong Information, said that although the slowdown in global economic growth may suppress demand, there are still concerns in the market about a possible recession in the US economy, However, multiple oil producing countries such as Saudi Arabia have expressed their willingness to voluntarily reduce production, coupled with factors such as the possibility of the Federal Reserve raising interest rates approaching its end and the weakening of the US dollar exchange rate, crude oil futures prices have continued to rise. The next round of domestic refined oil price adjustment window will open at 24:00 on April 28th. The probability of the next round of refined oil price adjustment is expected to be high, "said Li Yan, an analyst at Longzhong Information. Currently, multiple oil producing countries have introduced additional production reduction plans, and the expectation of supply tightening has increased. Combined with the positive demand outlook in Asia, all of these have provided positive support for international oil prices. Based on the current international crude oil price level, the next round of product oil price adjustment will show an upward trend at the beginning. Xu Peng, an analyst at Jinlianchuang Product Oil, also believes that there is a high probability of a slight increase in retail prices in the new round. Recently, the international crude oil rebound has been strong, and after entering a new pricing cycle, the rate of change will still start in a positive direction. In the future, the international crude oil futures price may fluctuate mainly, and the mainstream trend is upward. The new round of rate of change is expected to widen slightly in a positive direction, and the news still has a certain boosting effect on the later market situation
Edit：Hou Wenzhe Responsible editor：WeiZe
Source：chinanews.com
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