Today, August 18, the price of diesel and gasoline will be limited across the country. Domestic oil prices have been adjusted to 8 yuan for 95-proof gasoline after five consecutive drops.
Today is August 18, 2022. The price of crude oil in the international market has fallen for the fourth consecutive time. The price of Brent crude oil has reached a new low in the past six months, flattening the increase in global oil prices since the outbreak of the Russia-Ukraine conflict this year. According to the current refined oil price formation mechanism, domestic oil prices may be adjusted downward again on August 23, and oil prices may fall for five consecutive years, setting the latest oil price falling streak in the past three and a half years. The National Development and Reform Commission predicts that the price of refined oil products will drop by more than 250 yuan/ton, and that of diesel and gasoline by more than 0.2 yuan/liter.
Author: Xiaotian [Youluo Finance]
Today’s oil price trends: Brent crude oil prices fell for four consecutive days, hitting a 6-month low!
On August 18, Beijing time, the international crude oil market fluctuated and fell. The price of Brent crude oil futures, a reference indicator for domestic oil price adjustment, fell for the fourth consecutive trading day, falling to 91.51 US dollars per barrel during the session, setting a new low in oil prices since the Russia-Ukraine conflict. . Compared with the highest oil price of US$139.13 on March 7 this year, the price of oil per barrel has fallen sharply by US$47, a drop of more than 30%.
Shanghai International Energy Trading Center crude oil futures price is 695.3 yuan/barrel, oil prices increased by 0.61%.
How to set domestic oil prices?
Youliu Finance found in the comment area that some car owners and drivers thought it was the oil company that adjusted the prices of diesel and gasoline. If they wanted to increase the price, they would raise the price, and if they wanted to lower the price, they would lower the price. This caused the domestic oil price to rise more or less.
In accordance with the provisions of the " Petroleum Price Management Measures ", the National Development and Reform Commission adjusts the retail price of domestic refined oil rather than oil companies. Strictly align with international oil prices and rise and fall at the same time as crude oil prices in the international market. There will be no situation where crude oil prices fall while domestic oil prices rise, or crude oil prices rise while international oil prices fall.
For the crude oil price, car owners look at today’s latest oil price, while the National Development and Reform Commission observes the average oil price for ten working days.
Therefore, although today's latest international crude oil prices have hit a new low in the past six months, the average oil price is still higher than in February this year. The result is that today's national oil prices are still higher than the domestic retail prices of diesel and gasoline half a year ago.
According to the linkage mechanism of domestic and foreign oil prices, as the average price of crude oil in the international market drops, our car owners will not only see the fifth consecutive drop in refined oil prices when the domestic oil price is adjusted next Tuesday, August 23, but may also welcome the sixth consecutive drop in the domestic oil price in September. Falling streak, seven consecutive falls!
Japan could no longer hold on. After not importing Russian oil in June, Japan resumed importing crude oil from Russia in July.
Some financial sources believe that this will increase world oil demand, but this good news about oil prices was quickly diluted by the bad news about oil prices that the Iran nuclear deal is making good progress, and Iran oil has entered a countdown to resume exports. Since Iran is an important oil producer and crude oil exporter in the world, if it resumes oil exports, it will affect the world's oil supply and demand. Russia announced that it would lower its oil export tax to US$52/barrel starting from September 1, which also provided a strong assist to the decline in oil prices.
From the perspective of technical analysis, some financial sources believe that international oil prices have entered a downward trend, and will be easy to fall but difficult to rise in the next period of time, and domestic oil prices may drop again.
After the latest oil price adjustment at gas stations across the country, the price of No. 0 diesel and the selling price of No. 92 gasoline and No. 95 gasoline today, August 18, are for reference only.
Today's oil prices in Hubei: On August 18, 2022, the price limit of No. 92 gasoline in Wuhan today is 8.45 yuan/liter, the price limit of No. 95 gasoline in Wuhan today is 9.04 yuan/liter, and the price limit of No. 0 diesel in Wuhan today is 8.11 yuan/liter.
Today's oil prices in Yunnan: Today's No. 92 gasoline price in Kunming on August 18, 2022 is 8.58 yuan/liter, today's No. 95 gasoline price in Kunming is 9.21 yuan/liter, and today's No. 0 diesel price in Kunming is 8.18 yuan/liter.
Today’s oil prices in Jilin: Today’s No. 92 gasoline price in Changchun on August 18, 2022 is 8.40 yuan/liter, today’s No. 95 gasoline price in Changchun is 9.06 yuan/liter, and today’s No. 0 diesel price in Changchun is 8.03 yuan/liter.
Finance and Economics: Five days later, on August 23, the national oil price will be adjusted. Domestic oil prices may drop again. The average price of gasoline and diesel per liter at gas stations will drop by 0.19 yuan to 0.23 yuan. After five consecutive drops in domestic oil prices, the price of No. 92 gasoline and No. 95 gasoline per liter was 8 yuan, and the price of No. 0 diesel was 7 yuan per liter!
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-