China News Agency, Beijing, November 7 (Reporter Pang Wuji) China's refined oil prices ushered in the third rise in the second half of this year.

　　According to news from the National Development and Reform Commission of China on the 7th, according to the recent changes in oil prices in the international market and the current formation mechanism of refined oil prices, from 24:00 on November 7, 2022, the domestic gasoline and diesel prices will increase by 155 yuan per ton ( RMB, the same below) and 150 yuan.

　　In terms of price increase, on average across the country, 92# gasoline, 95# gasoline, and 0# diesel will increase by 0.12, 0.13, and 0.13 yuan per liter, respectively.

After the price adjustment, it is predicted that the No. 95 gasoline in most places in China, including Beijing, Shaanxi, Henan, Shandong, Jiangxi, etc., will return (per liter) to the "Nine Yuan Era".

　　After the implementation of the price adjustment policy, the cost of household consumption of oil will increase slightly.

Dai Tiandong, a refined oil analyst at Zhuochuang Information, pointed out that taking a family car with a fuel tank capacity of 50L as an example, filling a tank of No. 92 gasoline will cost about 6 yuan more than before.

　　Dai Tiandong said that in terms of fuel consumption, taking a small private car running 2,000 kilometers a month and fuel consumption of 8L per 100 kilometers as an example, consumers will use the car before the next price adjustment window opens (at 24:00 on November 21, 2022). The cost of oil will increase by about 9 yuan.

　　In the logistics industry, taking a heavy-duty truck with a monthly running distance of 10,000 kilometers and a fuel consumption of 38L per 100 kilometers as an example, the fuel cost of a single vehicle will increase by about 231 yuan before the next price adjustment window opens.

　　After the implementation of this price adjustment, since 2022, China's refined oil retail price limit has been adjusted 21 times, of which 13 times were raised, 7 times were lowered, and 1 was stranded.

After the rise and fall, gasoline and diesel increased by 1,645 yuan and 1,580 yuan per ton respectively, equivalent to the increase in price. No. 92 gasoline, No. 95 gasoline, and No. 0 diesel rose by 1.29 yuan, 1.36 yuan, and 1.34 yuan per liter, respectively.

　　Looking forward to the market outlook, Meng Peng, a refined oil analyst at Zhuochuang Information, said that crude oil prices are likely to remain volatile in the next cycle.

At the beginning of the next cycle, the rate of change of crude oil starts at a positive level, and there is still a possibility of an upward adjustment in the next round of retail price limits for refined oil products.

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