China News Service, September 21 (Zhongxin Finance and Economics Ge Cheng) According to a notice from the National Development and Reform Commission, starting from 24:00 on September 21, the price of gasoline will be reduced by 290 yuan per ton, and the price of diesel will be reduced by 280 yuan per ton.

After this round of price adjustment, No. 95 gasoline will fully return to the "8 yuan era".

　　This round is the 18th price adjustment of domestic oil prices in 2022. After the price adjustment, refined oil products will show a pattern of “11 rises and 7 falls” during the year.

The agency estimates that the price adjustment is equivalent to 0.23 yuan per liter of No. 92 gasoline, 0.24 yuan per liter of No. 95 gasoline, and 0.24 yuan per liter of No. 0 diesel.

Data map: Gas station.

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, the owner will spend about 11.5 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 38.4 yuan for a full tank of fuel.

　　Liu Wenjie, an analyst at Longzhong Information, believes that in this round of pricing cycle, the expected tightening of supply and economic and demand concerns will continue to compete.

Although the risk of energy supply in Europe remains, the market expects that the Federal Reserve will maintain a large interest rate hike, the economic outlook continues to worry, and international oil prices weaken and fluctuate.

"On the whole, the average price of the anchored oil species moves down during the pricing cycle, and the corresponding comprehensive rate of change of crude oil runs in a negative range, opening the window for this round of retail price reductions."

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 October 10.

　　"The probability of the next round of refined oil price adjustment is high." Li Yan, an analyst at Longzhong Information, said that although based on the current international crude oil price level, the next round of refined oil price adjustment will show a slight downward trend at the beginning. The trend is not stable.

At present, the problem of energy supply in Europe is still there, and it will become more obvious after the start of the heating season in October.

"As a result, international oil prices still face upside risks."

　　"Because the trend of international crude oil is still relatively volatile in the short term, the probability of a new round of price adjustment by the National Development and Reform Commission is still relatively high." Wang Yanting, a refined oil analyst at Jinlianchuang, holds a different view, "From the perspective of the market outlook, the new round of change rate is still negative. Development, the news is difficult to boost the domestic refined oil market." (End)