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be careful when traveling during the national day holiday! oil prices may see the biggest drop this year

2024-09-20

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china news service, september 20 (fu jianqing) at 24:00 on the 20th, a new round of price adjustment for domestic refined oil products will open. according to the opinions of comprehensive institutions, the retail price of refined oil products may see the largest drop this year.

during this round of price adjustment, international crude oil prices fell first and then rose, once falling to the lowest level in nearly three years. longzhong information analyzed that from the supply side, opec+'s 2.2 million barrels per day production cut will continue before the end of november, and many oil-producing countries have stated that they will make compensatory production cuts. the instability of the situation in the middle east is difficult to eliminate, and potential supply risks exist. from the demand side, the traditional peak season in the united states has ended, and the market is still not optimistic about the outlook for the global economy and demand, and negative concerns are still continuing.

zhuochuang information calculated that the change rate of domestic reference crude oil on the 9th working day was -8.91%, and the gasoline and diesel prices were expected to drop by 390 yuan/ton, with the 92# gasoline and 0# diesel prices reduced by 0.31 yuan and 0.33 yuan respectively. if the current round of retail price cuts for refined oil products are confirmed, private cars will spend 15.5 yuan less for a single 50l tank of oil.

longzhong information predicts that this round of price reductions for refined oil products is a foregone conclusion, with domestic gasoline and diesel prices falling by about 375 yuan per ton.

china news service found that refined oil prices have undergone 18 rounds of adjustments this year, showing "seven increases, seven decreases and four stagnations". the domestic gasoline and diesel prices have increased by 150 yuan and 145 yuan per ton respectively compared with the end of last year.

at present, the largest price reduction of refined oil products this year is 305 yuan/ton for gasoline and 290 yuan/ton for diesel. according to the calculation of institutions, this round of adjustment may be the largest drop this year.