Chinanews Client Beijing, November 5 (Zhang Xu) On the 5th, the retail price of refined oil in China ushered in the fifth reduction in the year. Calculated on the basis of an ordinary private car with a fuel tank capacity of 50L, car owners will fill up a tank of fuel. Spend about 6.5 yuan less.
According to the National Development and Reform Commission, in accordance with the current refined oil price formation mechanism, from 24:00 on November 5, domestic gasoline and diesel prices will be reduced by 160 yuan and 150 yuan per ton respectively.
According to agency calculations, it is equivalent to a decrease of 0.12 yuan per liter of No. 89 gasoline, a decrease of 0.13 yuan per liter for No. 92 gasoline, a decrease of 0.13 yuan per liter for No. 95 gasoline, and a decrease of 0.13 yuan per liter for No. 0 diesel.
The Golmud Refinery is currently the only refinery on the Qinghai-Tibet Plateau with an annual crude oil processing capacity of 1.5 million tons. It is the "base camp" for the supply of gasoline and diesel products in Qinghai and Tibet.
Photo by Sun Rui
Since this pricing cycle, the number of new coronavirus infections in Europe and the United States has rebounded again, affecting crude oil demand and other factors, and international oil prices have fallen under pressure, and US WTI and Brent crude oil futures have fallen below $40 per barrel.
Wang Yanting, senior analyst of Jinlianchuang refined oil, said that although international oil prices rose for three consecutive times in the latter part of this cycle, crude oil prices fell sharply in the early period, and the average comprehensive crude oil price was still below US$40 per barrel. Domestic gasoline and diesel retail prices were adjusted. The'floor price' protection mechanism is activated, and the fluctuation range of oil prices above $40/barrel will be adjusted normally.
According to Xu Wenwen, a refined oil analyst at Longzhong Information, after the price adjustment, the cumulative decline in gasoline this year was 1,940 yuan/ton, and the decline in diesel was 1,870 yuan/ton.
"Calculated on the basis of an ordinary private car with a fuel tank capacity of 50L, after this price adjustment, car owners will spend about 6.5 yuan less for filling a tank of fuel; a large logistics transport vehicle with a full load of 50 tons will reduce fuel costs by 52 yuan for every 1,000 kilometers on average. About. The cost of private car owners and logistics companies can be reduced." Xu Wenwen said.
Overview of the previous price adjustments of domestic refined oil products from 2019 to 2020.
Data from Longzhong Information
This price adjustment is the 21st domestic oil price adjustment in 2020. So far, the price adjustment of refined oil products in 2020 will show a pattern of "four ups, five downs, and 12 strands".
The next price adjustment window will open at 24:00 on November 19.
Li Yan, a refined oil analyst at Longzhong Information, believes that based on the current international crude oil price level, the next round of refined oil price adjustments will begin to show an upward trend, with an amplitude of around 90 yuan/ton. "At present, OPEC+ is likely to extend the current scale of production cuts to next year. After the US general election is over, it is possible to introduce new fiscal stimulus policies. Coupled with the recent weakening of the U.S. dollar, it is expected that the next round of refined oil price adjustments is likely to increase." Finish)