China News Service, January 3rd (China News Finance and Economics Ge Cheng) According to the notice of the National Development and Reform Commission, from 24:00 on January 3rd, gasoline will be raised by 250 yuan per ton, and diesel oil will be raised by 240 yuan per ton.
This round is the first domestic oil price adjustment in 2023.
According to agency estimates, this price adjustment is equivalent to an increase of 0.19 yuan per liter of No. 92 gasoline, 0.21 yuan per liter of No. 95 gasoline, and 0.20 yuan per liter of No. 0 diesel oil.
Data map: gas station.
Photo by Ge Cheng, Sino-Singapore Finance and Economics
Taking an ordinary private car with a fuel tank capacity of 50L as an example, after the price adjustment, the owner will spend about 9.5 yuan more to fill up a tank of fuel.
In terms of diesel, for a large truck with a fuel tank capacity of 160L, it will cost about 32 yuan more to fill up a tank of fuel.
"During this round of pricing cycle, crude oil prices have seen mixed ups and downs. Overall, the average price of anchored oil varieties has moved up during the pricing cycle, and the corresponding comprehensive rate of change of crude oil is running in a positive range, opening the window for this round of retail price increases."
Liu Wenjie, an analyst at Longzhong Information, said that although the cold weather in the United States is over, refineries are gradually resuming production, and the Keystone pipeline, the "main artery" of oil transportation between the United States and Canada, is about to fully resume operations, Russia may reduce production in early 2023, and Saudi Arabia has also reiterated its firm stance on production reduction. At the same time, traders continue to weigh the prospects of both supply and demand. The market believes that the long-term demand outlook may show signs of improvement. In 2022, international oil prices will finally end with a rise.
The next round of domestic refined oil price adjustment window will open at 24:00 on January 17.
"It is expected that the next round of refined oil price adjustments will have a higher probability." Li Yan, an analyst at Longzhong Information, said that at present, Saudi Arabia and Russia have indicated that they will firmly promote production cuts, and partial demand in Asia is gradually recovering. The interest rate hike may continue to slow down to 25 basis points. Based on the current international crude oil price level, the next round of refined oil price adjustment will start to show an upward trend.
"In the short term, the sharp fluctuations in international crude oil prices are limited, and there is a high probability of a new round of retail price increases." Wang Yanting, an oil analyst at Jinlianchuang, said that after entering the new round of pricing cycle, the rate of change still maintains positive range fluctuations.
After the price adjustment, the rate of change on the first working day will be around 3%, corresponding to a price adjustment range of 160 yuan per ton for gasoline and diesel.