
The time for a new round of oil price adjustment has been determined. Domestic oil prices may increase significantly. After the Spring Festival, national gasoline and diesel prices will get off to a good start.
This week's international market crude oil prices fluctuated violently. International oil prices rose significantly on January 27. Brent crude oil prices fell to a low of 85.5 US dollars/barrel in the middle of the week and then turned from falling to rising. Oil prices rose sharply by about 2% today, with the latest oil price approaching 88 US dollars/barrel. Industry experts estimate based on the current refined oil price formation mechanism and crude oil prices in the international market that domestic oil prices after the Spring Festival may increase significantly by more than 200 yuan/ton. 
Author: Xiaotian [You Material Finance]
You Material Finance reminds all drivers and car owners that the new round of domestic oil price adjustment time is determined to be at 24:00 on February 3. Due to the significant increase in international oil prices in the past three weeks After rising, it remains high. According to the regulations of the current refined oil price formation mechanism in which domestic refined oil prices and international oil prices "rise and fall at the same time", domestic oil prices may increase significantly by 205 yuan/ton after the Spring Festival. Diesel and gasoline prices at gas stations across the country are off to a good start in the new year, with an average oil price increase of about 0.2 yuan per liter.
According to today’s national oil prices, after the domestic oil price increase, the price of No. 98 gasoline per liter has entered the era of nine yuan.

Today’s oil price analysis from Youfa Finance (January 27, 2023)
International oil prices have stabilized and rebounded after falling for two consecutive trading days, Brent originally Oil futures price was last reported at US$86.68/barrel, with oil prices rising 0.57% today, and the decline in oil prices this week narrowed to 1.1%; NYMEX US crude oil futures prices were last reported at US$80.69/barrel, with oil prices rising 0.67% today.
The Shanghai Futures Exchange and Shanghai International Energy Trading Center are closed during the Spring Festival holiday. The latest closing price of the main domestic crude oil futures contract is 563.9 yuan/barrel, and the latest closing price of the domestic fuel futures contract is 2,818 yuan/ton.

Finance and Economics believes that the main reason for this week's drop in oil prices is the weak consumption data released by European and American countries, which has increased the possibility of a world economic recession. Analysts from financial institutions are expected to reduce world oil demand, putting downward pressure on oil prices.
However, in the short term, the increase in US crude oil inventory data released today by the American Petroleum Institute and the International Energy Agency is lower than market expectations, reflecting that the pace of the US economic recession is lower than expected, boosting the confidence of crude oil investors, and bull funds re-entering the market to push international crude oil prices to stop falling and rebound.
In addition, with the end of the Spring Festival holiday, Chinese demand has become the dominant force in oil prices.

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It is expected that global oil prices will continue to fluctuate and rise after the Spring Festival. The price of Brent crude oil is expected to hit the integer mark of 90 US dollars per barrel and hit a new high this year.
Under the domestic oil price adjustment mechanism of "If crude oil goes up, it will go up, and the international market will have an impact on me." It is basically a foregone conclusion that the domestic oil price will increase on February 3. It is expected that the financial industry will remind car owners to fill up their car fuel tanks in advance.
pays attention to Youlao Finance, and keeps abreast of the latest domestic oil price adjustment news and exclusive oil price trend analysis every day.
After the latest adjustment of domestic oil prices, today’s national diesel and gasoline prices on January 27 (retail price limit) are for car owners’ reference only.

Today's oil prices in Jiangsu: On January 27, 2023, the price limit of No. 92 gasoline in Zhangjiagang and Nantong today is 7.59 yuan/liter, the price limit of No. 95 gasoline in Nantong and Zhangjiagang today is 8.07 yuan/liter, and the price limit of No. 0 diesel in Nantong and Zhangjiagang today is 7.24 yuan/liter.
Today's oil prices in Heilongjiang: On January 27, 2023, the price of No. 92 gasoline in Harbin today was 7.65 yuan/liter, the price of No. 95 gasoline in Harbin today was 8.17 yuan/liter, and the price of No. 0 diesel in Harbin today was 7.14 yuan/liter. Heilongjiang Province has not achieved unified oil prices across the province. The prices of diesel and gasoline in various cities in the province are slightly different. Please refer to the today's price list of gas stations.

Today’s oil prices in Beijing: Today’s price of No. 92 gasoline in Beijing on January 27, 2023 is 7.62 yuan/liter, today’s price of No. 95 gasoline in Beijing is 8.11 yuan/liter, and today’s price of No. 0 diesel in Beijing is 7.33 yuan/liter.
Today’s domestic oil price adjustment news: The first round of domestic oil price adjustment after the Spring Festival may have a “good start”! It is reported that Finance reminds drivers and car owners to be mentally prepared that domestic oil prices may increase by about 205 yuan/ton on February 3. The average price of gasoline and diesel per liter at gas stations in various places will increase by about 0.2 yuan.