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cctv finance (reporter pingfan sun yonghui）according to the price monitoring center of the national development and reform commission, international oil prices fell sharply during this round of refined oil price adjustment period (september 5th to september 19th).

cctv finance reporter learned from the national development and reform commission today thatfrom 24:00 on september 20, domesticsteam, diesel per tona reduction of 365 yuan and 350 yuan respectively.

on average across the country:

no. 92steamoil per literreduced by 0.29 yuan，

no. 95steamoil per literreduced by 0.3 yuan，

no. 0 diesel per literreduced by 0.3 yuan。

cctv finance reporter did the math for you, using no. 92steamfilling up a 50-litre tank will cost you $14.50 less.

national development and reform commission price monitoring center:in the short term, oil prices will mainly fluctuate

during the price adjustment period, the federal reserve started a rate cut cycle, which was the first rate cut since the start of this round of tightening cycle in march 2022. the dollar weakened to a one-year low, which provided some support to oil prices. however, the growth of u.s. crude oil and refined oil inventories indicates that demand has slowed down after the end of the summer travel peak season. the international energy agency, the u.s. energy information administration, and opec have all lowered the growth rate of crude oil demand this year. in addition, the easing of the domestic political situation in libya is conducive to crude oil exports, the impact of the hurricane in the gulf of mexico on regional crude oil production has subsided, and the marginal effect of the alliance of oil-producing countries to stabilize production and maintain prices has weakened, deepening the market's concerns about the growth of crude oil supply and sluggish demand, and oil prices have therefore been under downward pressure.

the price monitoring center of the national development and reform commission predicts that oil prices will fluctuate in the short term. on the one hand, the fed's interest rate cut will boost market expectations to a certain extent, and the renewed tension in the middle east will also increase the "risk premium" of crude oil. on the other hand, the slowdown in global economic growth and the sluggish growth in crude oil demand will still suppress oil prices.

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