Chinanews client, Beijing, March 3 (Reporter Zhang Xu) According to the National Development and Reform Commission, from 24:00 on March 3, domestic gasoline and diesel prices will increase by 260 yuan and 250 yuan per ton respectively.
According to the agency's calculations, equivalent to the price increase, 89 gasoline will be increased by 0.19 yuan per liter, 92 gasoline will be increased by 0.20 yuan per liter, and 0 diesel fuel will be increased by 0.21 yuan per liter.
This price adjustment is also the first "eight consecutive increase" of the current price adjustment mechanism since its implementation in the spring of 2013.
The picture shows staff refueling vehicles at a gas station in Beijing.
Photo by China News Agency reporter Tian Yuhao
During the current price adjustment cycle, international oil prices have shown positive fluctuations.
Fed Chairman Powell reiterated that interest rates will remain low for a long time, boosting investors' risk appetite and confidence in global financial markets.
Goldman Sachs predicts that Brent crude oil futures will reach $70/barrel in the second quarter and $75/barrel in the third quarter, which is $10 higher than the previous forecast.
Longzhong Information analyst Xu Wenwen told Chinanews.com, “After the price adjustment, based on an ordinary private car with a fuel tank capacity of 50L, car owners will spend about 10 yuan more to fill a tank of fuel. The price of car diesel in most parts of the country will be At around 6.6 yuan-6.7 yuan / liter, the retail price of 92# gasoline is limited at 6.6 yuan-6.8 yuan / liter."
The next domestic oil price adjustment window will be opened at 24:00 on March 17, 2021.
Jin Lianchuang analyst Jiang Na believes that domestic oil prices may drop by then.
"From the perspective of the market outlook, at the beginning of a new round of pricing cycle, the rate of change in crude oil may turn negative, which is expected to be around -3%."
Longzhong Information analyst Li Yan also holds the same view, "OPEC (OPEC+) meeting in early March may make a decision to increase production, and Saudi Arabia may also revoke its commitment to additional production cuts. In addition, the epidemic in some overseas countries is still severe, and the next round is expected. The probability of domestic refined oil price adjustments is higher." (End)