China News Service, July 26 (Zhongxin Finance and Economics Ge Cheng) According to the notice from the National Development and Reform Commission, starting from 24:00 on July 26, the price of gasoline will be reduced by 300 yuan per ton, and the price of diesel will be reduced by 290 yuan per ton.
This is the first "three consecutive declines" in domestic refined oil prices this year, and the fourth time this year.
The agency estimates that the price adjustment is equivalent to 0.24 yuan per liter of No. 92 gasoline, 0.25 yuan per liter of No. 95 gasoline, and 0.25 yuan per liter of No. 0 diesel.
After this round of price adjustments, No. 95 gasoline in some parts of the country is expected to return to the "8 yuan era".
On July 25, the price at a gas station in Haidian District, Beijing showed that No. 95 gasoline was 9.35 yuan per liter.
Photo by Ge Cheng of China-Singapore Finance
Taking an ordinary private car with a fuel tank capacity of 50L as an example, after this price adjustment, car owners will spend about 12 yuan less to fill up a tank of fuel.
In terms of diesel, a large truck with a fuel tank capacity of 160L will save about 40 yuan for a full tank of fuel.
This round is the fourteenth price adjustment of domestic oil prices in 2022. After the price adjustment, refined oil products will show a pattern of "ten rises and four falls" during the year.
After the recent "three consecutive declines" in the price of refined oil, gasoline has been reduced by 980 yuan per ton, and diesel has been reduced by 945 yuan per ton, which is equivalent to about 0.77 yuan per liter of gasoline and about 0.8 yuan per liter of diesel.
An ordinary private car with a fuel tank capacity of 50L can spend about 38.5 yuan less on a full tank of fuel than before the "three consecutive drops" in oil prices.
Ma Jiancai, an analyst of Jinlianchuang's refined oil products, believes that in this round of pricing cycle, international crude oil prices show a wide-ranging downward trend.
The repeated epidemics at the beginning of the pricing cycle weighed on investor sentiment, and the increase in U.S. crude oil inventories and the strengthening of the U.S. dollar pushed oil prices down by more than 7%.
At the end of the pricing cycle, the EU has eased sanctions on Russia, and the Fed is expected to raise interest rates sharply at the end of the month to suppress oil prices. Under the guidance of negative news, the trend of crude oil continued to decline.
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 August 9.
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 slight upward trend at the beginning.
At present, the Fed's new round of interest rate hikes this month may once again put pressure on the economy and demand, but the geopolitical and supply-side benefits still exist, and there is room for gaming.
Ma Jiancai said, "At present, the international market continues to weigh the two major factors of supply and demand. The price trend remains volatile in the short term, and the direction of the new round of price adjustment is not clear for the time being." (End)
search
copy