China-Singapore Jingwei, June 28 (Zhang Shunan) At 24:00 today (June 28), domestic refined oil products will open a new round of price adjustment window. Many institutions believe that the second drop in domestic oil prices this year is coming.
The data picture is taken by New Jingwei
According to the calculation of Zhuochuang Information data, as of the close of June 24, the domestic reference crude oil change rate was -5.33% on the 9th working day. It is expected that gasoline and diesel will open a downward adjustment window, and the downward adjustment will be between 295 yuan/ton, equivalent to a price increase of 92# gasoline, 95# gasoline and 0# diesel, which were reduced by 0.23 yuan, 0.24 yuan and 0.25 yuan respectively.
Jin Lianchuang refined oil analyst Wang Shan told Sino-Singapore Jingwei that after the price adjustment is implemented, 92# gasoline will be around 9 yuan, or even lower than 9 yuan in some areas; for 95# gasoline, currently only 95# gasoline is available in some areas. If it exceeds 10 yuan, after the price adjustment, 95# gasoline will basically fall back to less than 10 yuan.
calculates based on the current estimated range. For private cars, based on the estimated capacity of a general fuel tank of 50L, filling a tank of 92# gasoline will cost 11.5 yuan less; filling a tank of 95# gasoline will cost 12.5 yuan less.
Zhongyu Information refined oil analyst Sun Yanan said that during this pricing cycle, the Federal Reserve resorted to the largest interest rate increase since 1994, while US President Biden called on Congress to suspend the collection of federal gasoline and diesel taxes. months in response to soaring energy prices. Negative factors dominate the news. International oil prices fluctuate, falling more than rising. Expectations for this round of lower retail price limits for refined oil continue to widen.
html On June 24, international oil prices closed higher. The price of light crude oil futures for August delivery on the New York Mercantile Exchange rose by US$3.35 to US$107.62 per barrel, an increase of 3.21%; London Brent crude oil for August delivery Futures prices rose $3.07 to close at $113.12 a barrel, an increase of 2.79%.China-Singapore latitude and longitude sorting out, since this year, domestic refined oil prices have undergone 11 rounds of adjustments, showing a "ten rises and one falls" pattern.
Regarding the market outlook, Sun Yanan analyzed that on the international front, the interest rate hikes by the Federal Reserve and some European central banks have slowed global economic growth. The negative effects of crude oil are still dominant, and the risk of downward oil prices is relatively high. In terms of the domestic market, many places in the country have been hit by extreme weather such as heavy rains and high temperatures, which has greatly affected residents' travel, engineering infrastructure and other industries. With long and short factors intertwined, domestic gasoline and diesel prices may maintain a volatile trend. (China-Singapore Jingwei APP)
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