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the oil price adjustment time is set! it is expected to drop by more than 30 cents per liter

2024-09-16

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according to the "10-working-day" price adjustment rule, refined oil prices will be adjusted at 24:00 on september 20. relevant institutions predict that the refined oil price adjustment next week may usher in a sharp drop based on the recent changes in international oil prices, and it is expected to drop by about 0.32 yuan per liter.

international oil prices have fluctuated greatly recently. on september 10, international oil prices suffered a sharp drop. at the close of the day, the price of light sweet crude oil futures (wti) for october delivery on the new york mercantile exchange fell by $2.96 to close at $65.75 per barrel, a drop of 4.31%; the price of london brent crude oil futures for november delivery fell by $2.65 to close at $69.19 per barrel, a new low since december 2021.

on september 11, the closing price of the main contract of shanghai crude oil futures was 503.1 yuan/barrel, a decrease of 1.35%. it once fell to 492.2 yuan/barrel during the session, falling back to the lowest point since may 2023. it has fallen 21% from the high point in early july this year. professionals believe that the main reason for the decline in international crude oil prices is the impact of concerns about the slowdown in global growth.

although oil prices have risen in the past two days, the decline in oil prices during this round of pricing cycle is still large. on september 13, the current round of domestic oil price adjustment statistical cycle entered the sixth working day, and the current reference crude oil change rate was -7.58%. it is expected that gasoline and diesel will be reduced by 400 yuan/ton. if calculated according to this range, relevant institutions predict that the oil price will drop by about 0.32 yuan per liter. based on the 50-liter fuel tank of an ordinary family car, filling up a tank of gas will save about 16 yuan.

since the beginning of this year, oil prices have experienced 18 adjustments, including 7 increases, 7 decreases, and 4 suspensions. the 19th adjustment will be at 24:00 on september 20. whether there will be a significant reduction at that time remains to be further observed in the next few working days on the trend of international oil prices. (hongguan news comprehensive report)

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