Oil prices have been lowered for the third time this year, and 92-# gasoline in some areas has returned to the "8 yuan era"

　　China News Service, July 12th: The

　　Ge Cheng from China-Singapore Finance

　　According to the notice from the National Development and Reform Commission, starting from 24:00 on July 12, the price of gasoline will be reduced by 360 yuan per ton, and the price of diesel will be reduced by 345 yuan.

This is the first "two consecutive declines" in domestic refined oil prices this year, and the third time this year.

　　The agency estimates that the price adjustment is equivalent to 0.28 yuan per liter of No. 92 gasoline, 0.30 yuan per liter of No. 95 gasoline, and 0.29 yuan per liter of No. 0 diesel.

After this round of price adjustments, No. 92 gasoline in some parts of the country will return to the "8 yuan era", and the price per liter will drop below 9 yuan.

Data map: Gas station staff are refueling.

Photo by Zhang Yun

　　Based on an ordinary private car with a fuel tank capacity of 50L, after this price adjustment, car owners will spend about 14 yuan less to fill up a tank of fuel.

In terms of diesel, according to the calculation of a large truck with a fuel tank capacity of 160L, a full tank of fuel will cost about 46.4 yuan less.

　　This round is the thirteenth price adjustment of domestic oil prices in 2022. After the price adjustment, refined oil products will show a pattern of "ten rises and three falls" during the year.

　　Ma Jiancai, a refined oil analyst at Jinlianchuang, believes that supply concerns in the energy market have increased in the early stage of this round of pricing cycle. The supply disruption in Libya and the expected production shutdown in Norway are good for oil prices, and the trend of international oil prices rebounded for a time.

However, the global economic recession is spreading, the demand growth in Europe and the United States during the peak season of consumption is less than expected, the market demand is worried, and the profit-taking of investors has put pressure on the oil price trend, and the overall crude oil price showed a downward trend.

The previous price adjustments of domestic refined oil products in 2022.

(Data source: National Development and Reform Commission)

　　The next round of domestic refined oil price adjustment window will open at 24:00 on July 26.

　　Longzhong Information analyst Li Yan predicted that based on the current international crude oil price level, the next round of refined oil price adjustment will show a downward trend.

At present, although the expectation of tight supply is still there, the Federal Reserve may raise interest rates again this month, and the market's worries about the economy and demand continue.

　　Ma Jiancai also holds a similar view, "The current international market supply and demand game continues, and the price trend fluctuates in the short term, and the new round of refined oil retail prices is more likely to 'three consecutive declines'." (End)