According to the notice of the National Development and Reform Commission, from 9 o'clock on September 20, the domestic gasoline per ton will be increased by 9 yuan and the diesel fuel will be increased by 20 yuan.

After the above adjustment is implemented, No. 95 gasoline in some areas will return to the "9 yuan era". According to agency estimates, the price adjustment is equivalent to an increase of 92.0 yuan per liter of No. 30 gasoline, 95.0 yuan per liter of No. 32 gasoline, and 0.0 yuan per liter of No. 32 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 15 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 51.2 yuan more to fill up a tank of fuel.

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

Liu Wenjie, an analyst at Longzhong Information, said that in this round of pricing cycle, international oil prices have reached new highs. Despite the strengthening of the US dollar, the growth of US commercial crude inventories, market technical indicators also showing signs of overbought, and some traders took profits, the tightening of supply caused by production cuts by the Organization of the Petroleum Exporting Countries and its partners (OPEC+) continued, and Russia's firm stance on reducing supplies gave solid support to 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 2023th price adjustment in 10, and after the price adjustment, the domestic refined oil price will show a pattern of "ten rises, six falls and three strandings" during the year. The next round of price adjustment window will open at 10:24 on October <>.

"Based on the current international crude oil price level, the next round of refined oil price adjustment will show an upward trend." Longzhong information analyst Li Yan said that at present, the Organization of the Petroleum Exporting Countries and its partners (OPEC+) production reduction atmosphere is significantly supported, and economic concerns have weakened, positive factors still prevail, and it is expected that the probability of the next round of refined oil price adjustments is relatively large.

"In the future, the supply gap in the crude oil market will intensify, and international oil prices will continue to be supported." Affected by this, the new round of change rate may still be a positive start, retail prices may continue to cash up, and there are still positive guidance on the news. Lu Qiaohui, an analyst at Jinlianchuang refined oil products, also holds a similar view. (End)