According to the notice of the National Development and Reform Commission, from 4 o'clock on April 17, each ton of gasoline will be increased by 4 yuan and 17 yuan per ton of diesel.

This round is the eighth price adjustment of domestic oil prices in 2023, and the increase in oil prices hit a new high in the year. After the price adjustment, refined oil products showed a pattern of "three rises, three declines and two strandings" during the year. According to agency estimates, the price adjustment is equivalent to an increase of 92.0 yuan per liter of No. 43 gasoline, 95.0 yuan per liter of No. 45 gasoline, and 0.0 yuan per liter of No. 45 diesel. This means that No. 95 gasoline in some areas will return to the "8 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 21.5 yuan more to fill up a tank of fuel. In terms of diesel, a large truck with a fuel tank capacity of 160L will cost about 72 yuan more to fill up a tank of fuel.

"In this round of pricing cycle, international oil prices have stabilized. On the whole, the average price of the oil type attached to the price cycle has moved upward, and the corresponding comprehensive change rate of crude oil is running in a positive range, opening the window for this round of retail price increase. ”

Longzhong information analyst Liu Wenjie said that although the slowdown in global economic growth may curb demand, the market is still worried about a possible recession of the US economy, but Saudi Arabia and other oil producers have intensively stated that they will voluntarily carry out additional production cuts, coupled with the Fed's interest rate hike may be nearing the end, the US dollar exchange rate weakening and other factors, crude oil futures prices have closed up one after another.

The next round of domestic refined oil price adjustment window will open at 4:28 on April 24.

"It is expected that the probability of the next round of refined oil price adjustment is relatively large." Longzhong information analyst Li Yan said that at present, a number of oil-producing countries have introduced additional production reduction plans, supply tightening expectations have increased, coupled with the good demand outlook in Asia, all of which have brought favorable support to international oil prices. Based on the current international crude oil price level, the next round of refined oil price adjustment will show an upward trend.

Xu Peng, an analyst at Jinlianchuang refined oil products, also believes that the probability of a slight increase in the new round of retail prices is relatively large. "Recently, the international crude oil rebound is strong, and after entering a new round of pricing cycle, the rate of change will still start in a positive direction." From the perspective of the future market, the international crude oil futures price or volatility is the mainstay, the mainstream trend is upward, the new round of change rate is expected to be slightly widened, and the news still has a certain boost in the face of the later market. (End)