Chinanews client, Beijing, March 17 (Reporter Zhang Xu) According to the National Development and Reform Commission, starting at 24:00 on March 17, the increase will be 235 yuan per ton of gasoline and 230 yuan per ton of diesel.

According to the agency's calculations, equivalent to the price increase, 92 gasoline is increased by 0.18 yuan per liter, 95 gasoline is increased by 0.19 yuan per liter, and 0 diesel is increased by 0.20 yuan per liter.

The picture shows staff refueling vehicles at a gas station in Beijing.

Photo by China News Agency reporter Tian Yuhao

  In this round of pricing cycle, the international crude oil futures prices maintained a volatile upward trend as a whole, once rising to a high of nearly two years.

  According to Xu Wenwen, an analyst at Longzhong Information, based on an ordinary private car with a fuel tank capacity of 50L, after the price adjustment, car owners will spend about 9 yuan more to fill up a tank of fuel.

“The price of diesel fuel in most parts of the country is around 6.8 yuan-6.9 yuan/liter, and the retail price of 92 gasoline is limited to 6.8 yuan-7.0 yuan/liter. This price adjustment will increase the cost of fuel for private car owners.”

  This round of oil price adjustment is the fifth price adjustment in 2021. Adding to the price adjustment at the end of 2020, it will be the first "nine consecutive increase" of the current price adjustment mechanism since its implementation in the spring of 2013.

The next price adjustment window will open at 24:00 on March 31, 2021.

The data comes from Longzhong Information.

  Li Yan, an analyst at Longzhong Information, said, “The next round of refined oil price adjustments is beginning to show an upward trend, with a range of around 85 yuan/ton. OPEC + production cuts remain firm, and Saudi Arabia’s additional production cuts are also in progress, and the United States is stimulating $1.9 trillion. The plan has been implemented, so it is expected that the next round of domestic refined oil price adjustments will have a higher probability."

  Zhuo Chuang Information analyst Wang Xueqin also holds a similar view.

"As the result of the OPEC+ meeting is to extend the previous production cut to April, the bottom support of crude oil prices is relatively strong." (End)