Sino-Singapore Jingwei, November 19th, at 24:00 today (19th), a new round of price adjustment window for domestic refined oil products will open.
According to the National Development and Reform Commission, the specific circumstances of this oil price adjustment are as follows: gasoline is reduced by 95 yuan per ton, and diesel is reduced by 90 yuan per ton.
According to estimates, based on the 50L capacity of a general family car’s fuel tank, a full tank of 92# gasoline will cost 3.5 yuan less.
Data map.
Photo by Xiong Siyi, Sino-Singapore Jingwei
In this round of pricing cycle, the international crude oil futures prices showed a trend of volatility and decline, and the average price of US and cloth oils fell month-on-month compared with the previous cycle.
In the early morning of the 19th, Beijing time, the WTI December crude oil futures settlement price closed at 79.01 US dollars per barrel, and the Brent January crude oil futures settlement price closed at 81.24 US dollars per barrel.
Liu Ting, an analyst of Longzhong Information's refined oil industry chain, analyzed that in this round of pricing cycle, international oil prices have weakened.
Although the Fed is optimistic about the future of the U.S. economy, and many officials have reiterated that interest rate hikes will not come in the short term, the retail price of gasoline in the U.S. remains high, and the option of releasing strategic reserves to curb oil prices still exists. In addition, the European epidemic has worsened again. The negative pressure has caused international oil prices to close down one after another.
On the whole, the average price of the linked oil types during the pricing cycle has moved downward, and the corresponding crude oil comprehensive rate of change runs in the negative range, opening the window for this round of retail price reduction.
According to statistics from China-Singapore Jingwei, this domestic product oil price adjustment is the fourth time this year, and it has been nearly three months since the last price reduction.
As of the implementation of this adjustment, domestic refined oil prices have undergone 22 rounds of adjustments, accumulatively "14 up, four down, and four stranded". Gasoline prices have increased by 1,905 yuan/ton, and diesel prices have increased by 1,835 yuan/ton.
According to the "ten working days" principle, the next round of price adjustment window will be opened at 24:00 on December 3, 2021.
Jin Lianchuang analyst Wang Shan predicts that the start of the new round of change rate may be around -2%, and the corresponding domestic gasoline and diesel retail price adjustment will be about -100 yuan/ton, and the adjustment direction is still expected to be lowered.
Liu Ting also said that based on the current international crude oil price level, the next round of refined oil price adjustments will begin to show a downward trend, and the probability of a decline is expected to be greater.
(Zhongxin Jingwei APP)