According to the notice of the National Development and Reform Commission, from 6 o'clock on June 28, each ton of gasoline will be increased by 6 yuan and 28 yuan per ton of diesel.

According to agency estimates, the price adjustment is equivalent to an increase of 92.0 yuan per liter of No. 05 gasoline, 95.0 yuan per liter of No. 06 gasoline, and 0.0 yuan per liter of No. 06 diesel.

Taking an ordinary private car with a fuel tank capacity of 50L as an example, after this price adjustment, the owner will spend about 2.5 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 9.6 yuan more to fill up a tank of fuel.

Infographic: Gas stations. Photo by Ge Cheng of Zhongxin Finance

Longzhong Information analyst Liu Wenjie believes that in this round of pricing cycle, international oil prices are under pressure to move forward. Although ECB officials said that interest rate hikes will continue until at least July this year, and slowing global economic growth may suppress crude oil demand, the US summer fuel consumption is expected to be good, the market continues to be optimistic about the Asian demand outlook, and the energy shock caused by the international geopolitical situation remains worrisome, which is positive for oil prices.

"On the whole, the average price of the underlying oil type moved up during the pricing cycle, and the corresponding comprehensive rate of change of crude oil ran in a positive range, opening the window for this round of retail price increases."

This round is the thirteenth price adjustment in 2023, and after the price adjustment, the domestic refined oil price will show a pattern of "five rises, six declines and two strandings" during the year. The next round of price adjustment window will open at 7:12 on July 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 although the next round of refined oil price adjustment will show a downward trend at the current international crude oil price level, Saudi Arabia will carry out additional production cuts from July, and the peak period of summer fuel consumption in the United States is coming, and the fundamentals of international oil prices are still supported.

Wang Yanting, senior analyst of Jinlianchuang refined oil products, holds a different view, "From the perspective of the future market, the new round of change rate has turned into a negative range development, and the news has a certain pressure on the later market trend, and the price has downward pressure." (End)