According to the notice of the National Development and Reform Commission, from 3 o'clock on March 31, each ton of gasoline will be reduced by 3 yuan and 31 yuan per ton of diesel.
This round is the seventh price adjustment of domestic oil prices in 2023, and after the price adjustment, refined oil products will show a pattern of "two rises, three falls and two strandings" during the year. According to agency estimates, the price adjustment is equivalent to 92.0 yuan per liter of No. 26 gasoline, 95.0 yuan per liter of No. 28 gasoline, and 0.0 yuan per liter of No. 27 diesel. After this round of price adjustment, No. 95 gasoline in some areas will return to the "7 yuan era".
Infographic: Gas stations. Photo by Ge Cheng of Zhongxin 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 13 yuan less to fill up a tank of fuel. In terms of diesel, a large truck with a fuel tank capacity of 160L will spend about 43.2 yuan less on a full tank of fuel.
"In this round of pricing cycle, international oil prices first fell and then rose. On the whole, the average price of the oil type moved down during the pricing cycle, and the corresponding comprehensive rate of change of crude oil ran in a negative range, opening the window for the current round of retail price reduction. ”
Longzhong information analyst Liu Wenjie said that although the banking crisis in Europe and the United States temporarily subsided, some crude oil exports were suspended in the Kurdistan region of Iraq, and the tightening of supply was expected to intensify, the market's concerns about the recession in Europe and the United States could not be ignored, and crude oil futures prices continued to come under pressure.
The next round of domestic refined oil price adjustment window will open at 2023:4 on April 17, 24.
"It is expected that the probability of the next round of refined oil price adjustment is relatively large." Longzhong Information analyst Li Yan analyzed that based on the current international crude oil price level, the next round of refined oil price adjustment will show an upward trend. At present, the banking crisis in Europe and the United States has been temporarily eased, and the Organization of the Petroleum Exporting Countries (OPEC) and Russia have reiterated that they will firmly promote production cuts, all of which have brought favorable support to international oil prices.
"From the perspective of the future market, international crude oil prices still have room to rebound, and the new round of change rate has turned into a wide range of positive development, and the news has been significantly boosted in the face of the later market." Wang Yanting, senior analyst of Jinlianchuang refined oil products, also holds the same view. (End)