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oil prices are going to drop again!

according to the "10-working-day" price adjustment rule, refined oil prices will be adjusted at 24:00 this friday (20th). relevant institutions predict that this refined oil price adjustment 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.

filling up a tank of gas will save you 16 yuan

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, hitting a new low since december 2021.

on september 11, the main contract of shanghai crude oil futures closed at 503.1 yuan/barrel, down 1.35%. it once fell to 492.2 yuan/barrel during the session, falling to the lowest point since may 2023. it has fallen 21% from its high in early july this year.

professionals believe thatthe main reason for the decline in international crude oil prices is the impact of concerns about slowing global growth。

although oil prices have risen in the past two days,the decline in oil prices during this pricing cycle is still significant.on september 13, the statistical cycle of this round of domestic oil price adjustment entered the sixth working day. 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 price of oil will drop by about 0.32 yuan per liter, calculated based on a 50-liter fuel tank for an ordinary family car,filling up a tank of gas will save about 16 yuan。

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 a substantial reduction will be achieved by then remains to be seen in the next few working days based on further observations of the international oil price trend.

source: newsroom