According to the news on the website of the National Development and Reform Commission on the 15th, according to the recent changes in oil prices in the international market, and in accordance with the current oil product price formation mechanism, since 24:00 on May 15, 2024, the prices of domestic gasoline and diesel (standard products) will be reduced by 235 yuan and 225 yuan per ton respectively.
China Singapore Jingwei noted that this price adjustment is the third reduction of domestic refined oil products in the year, with the reduction rate exceeding the previous two times, and it is also the first "two consecutive drops" in the year. After this price adjustment, the price adjustment of domestic refined oil products in 2024 will present a pattern of "five rises, three falls and two strandings", with the cumulative increase of 570 yuan and 550 yuan per ton of gasoline and diesel respectively. After this price adjustment, according to the estimation of 50L capacity of ordinary household car fuel tank, filling a box of 92 # gasoline will cost 9 yuan less.
According to the principle of "ten working days", the next round of retail price adjustment window for refined oil products will be opened at 24:00 on May 29, 2024.
Li Yan, an analyst with Longzhong Information, said that, based on the current international crude oil price level, the next round of refined oil price adjustment will start with a slight downward trend. Looking forward to the future, OPEC+stands firm in reducing production, geographical instability still exists, and demand side pressure has weakened. Under the background of basically facing the good, the crude oil price still has positive support, and the probability of the next round of refined oil price adjustment is expected to be large.
Xu Lei, an oil product analyst of Zoomlion Information, said that the US PPI growth in April was higher than expected, and the US interest rate remained high, increasing the concern of the Federal Reserve about the delay of interest rate cuts, and continuing to put pressure on crude oil prices. However, the uncertainty of tensions in the Middle East has tightened the supply side, and it is expected that crude oil will decline slowly. In the next round, based on the current crude oil price, the change rate after recalculation is still in the negative range, and it is expected that the retail price of refined oil will be lowered at the initial stage of price adjustment.
Wang Yanting, an analyst of Jinlian Chuang's refined oil products, believes that the international crude oil price has dropped significantly recently. After entering a new round of price adjustment cycle, the change rate still remains in a negative range. On the first working day after the price adjustment, the change rate is expected to be around 75 yuan/ton. In the short term, international crude oil remains low and volatile, and the probability of a new round of retail price reduction is still high.
According to the news on the website of the National Development and Reform Commission on the 15th, according to the recent changes in oil prices in the international market, and in accordance with the current oil product price formation mechanism, since 24:00 on May 15, 2024, the prices of domestic gasoline and diesel (standard products) will be reduced by 235 yuan and 225 yuan per ton respectively.
China Singapore Jingwei noted that this price adjustment is the third reduction of domestic refined oil products in the year, with the reduction rate exceeding the previous two times, and it is also the first "two consecutive drops" in the year. After this price adjustment, the price adjustment of domestic refined oil products in 2024 will present a pattern of "five rises, three falls and two strandings", with the cumulative increase of 570 yuan and 550 yuan per ton of gasoline and diesel respectively. After this price adjustment, according to the estimation of 50L capacity of ordinary household car fuel tank, filling a box of 92 # gasoline will cost 9 yuan less.
According to the principle of "ten working days", the next round of retail price adjustment window for refined oil products will be opened at 24:00 on May 29, 2024.
Li Yan, an analyst with Longzhong Information, said that, based on the current international crude oil price level, the next round of refined oil price adjustment will start with a slight downward trend. Looking forward to the future, OPEC+stands firm in reducing production, geographical instability still exists, and demand side pressure has weakened. Under the background of basically facing the good, the crude oil price still has positive support, and the probability of the next round of refined oil price adjustment is expected to be large.
Xu Lei, an oil product analyst of Zoomlion Information, said that the US PPI growth in April was higher than expected, and the US interest rate remained high, increasing the concern of the Federal Reserve about the delay of interest rate cuts and continuing to put pressure on crude oil prices. However, the uncertainty of tensions in the Middle East has tightened the supply side, and it is expected that the decline of crude oil will be slower. In the next round, based on the current crude oil price, the change rate after recalculation is still in the negative range, and it is expected that the retail price of refined oil will be lowered at the initial stage of price adjustment.
Wang Yanting, an analyst of Jinlian Chuang's refined oil products, believes that the international crude oil price has dropped significantly recently. After entering a new round of price adjustment cycle, the change rate still remains in a negative range. On the first working day after the price adjustment, the change rate is expected to be around 75 yuan/ton. In the short term, international crude oil remains low and volatile, and the probability of a new round of retail price reduction is still high.
