China News Service, June 28th: Domestic oil prices have been reduced for the second time this year. No. 95 gasoline has temporarily bid farewell to the "10 yuan era"
China News Service Ge Cheng
According to the notice of the National Development and Reform Commission, starting from 24:00 on June 28, The price of gasoline will be reduced by 320 yuan per ton, and the price of diesel oil will be reduced by 310 yuan per ton. This is the second reduction in domestic refined oil prices this year. The
organization estimates that this price adjustment is equivalent to a decrease of 0.25 yuan per liter for No. 92 gasoline, 0.27 yuan per liter for No. 95 gasoline, and a decrease of 0.26 yuan per liter for No. 0 diesel. After this round of price adjustments, No. 92 and No. 95 gasoline will drop to less than 9 yuan and 10 yuan respectively in some areas.
html On June 26, the price at a gas station in Xicheng District, Beijing showed that No. 95 gasoline had reached 9.93 yuan per liter. Photo by Sino-News Finance Ge Cheng Based on the calculation of an ordinary private car with a fuel tank capacity of 50L, after this price adjustment, car owners will spend about 12.5 yuan less to fill up a tank of fuel. In terms of diesel, based on the calculation of a large truck with a fuel tank capacity of 160L, it will cost 41.6 yuan less to fill up a tank of fuel.
During this pricing cycle, although the price trend of crude oil rebounded at the end of the pricing cycle, the rate of change of crude oil continued to extend in a negative direction, and domestic retail prices ushered in the "second drop" in the year. This round is the twelfth round of price adjustment for domestic oil prices in 2022. After the price adjustment, refined oil products showed a pattern of “ten rises and two falls” during the year.
Jin Lianchuang refined oil analyst Ma Jiancai believes that during this pricing cycle, the U.S. economic outlook is not expected to be good, and investors' concerns about the impact of interest rate hikes on the energy demand outlook continue to rise. In addition, the United States plans to introduce policies to combat high oil prices, and international Crude oil prices fluctuated and fell.
Previous price adjustments of domestic refined oil products in 2022. (Data source: National Development and Reform Commission)
The next round of domestic refined oil price adjustment window will open at 24:00 on July 12.
Longzhong Information analyst Li Yan predicts that based on the current international crude oil price level, the next round of refined oil price adjustments will start with a slight downward trend. At present, the pressure of Western sanctions on Russia remains unabated and the summer travel peak in the United States has brought positive support. However, the Federal Reserve has stated that it will continue to raise interest rates, and the market's concerns about the economy and demand continue. Under the confrontation between the short and good, the next round is expected The price adjustment of refined oil products is more likely to be stranded. Xi Jiarui, a crude oil analyst at
Jin Lianchuang, said that at present, major global analysts are still raising their oil price expectations, which shows that investors still have long intentions for crude oil. Since the third quarter is the peak season for global crude oil consumption, crude oil prices are expected to remain at high levels during this period, and may be expected to fall moderately after entering the fourth quarter. When affected by special events, the possibility of oil prices reaching $130/barrel cannot be ruled out, but prices above this level are unsustainable. (End)
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