Tomorrow's domestic oil price may be reduced

Owners can wait for cheer! The reporter of the Economic Reference News learned from a number of social monitoring agencies that at 24:00 tomorrow (September 21), the domestic refined oil retail price limit may be reduced. It is estimated that the decline of each liter of No. 92 gasoline and No. 0 diesel will be 2 cents. At about the money, the No. 92 gasoline with a box of 50L is expected to save about 10 yuan.

Recently, international crude oil has experienced a broad shock. Li Jiaying, an analyst of Zhongyu Information, said that shortly after the WTI returned to $ 90, the market's attention was once again attracted by the risk of economic recession or suppressing demand. In addition Worrying that international crude oil has suffered a diving diving again, WTI crude oil has approached nearly $ 80. Subsequently, it was hindered by the Iranian nuclear agreement, the upgrading of the Russian and Western energy games, and the Bayeng government considered the purchase of strategic reserve oil near $ 80/barrel to boost that the WTI went to about $ 90 again. However, the concerns about the Federal Reserve raised interest rates sooner to lower international crude oil, and the overall as a whole during the cycle was weak.

As of the closing of September 19, the price of light crude oil futures delivered by the New York Commodity Exchange in October was closed at $ 85.73 per barrel, and the London Brent crude oil futures price was closed at $ 92.01 per barrel.

Affected by this, the negative value of domestic crude oil changes fluctuated. As of September 20, Beijing time, the ninth working day of this round, Zhongyu crude oil was valued at 90.60, a base price of -5.00 or -5.41%, and the corresponding decrease was 270 yuan/ton. The change rate of crude oil calculated by Zhuochuang Information is -6.53%, and it is expected that the gasoline and diesel will be reduced by 280 yuan/ton.

Zhuo Chuang Information Analyst Wang Luqing said that there is still one working day from the opening of the price adjustment window. Based on the current amplitude, it is expected that the drop of gasoline and No. 0 diesel will be about 2 cents tomorrow. No. 92 gasoline is expected to save about 10 yuan. For consumers, the cost of oil will continue to decrease.

According to Zhongyu Information Monitoring data, as of today, the domestic oil retail price limit experience in 2022 has a total of 17 rounds, of which 11 have been reduced and 6 times have been reduced. After the ups and downs of each other, the increase in gasoline was increased by 1595 yuan/ton, and the total increase of diesel was 1535 yuan/ton. If the implementation of this round is implemented, the domestic refined oil price adjustment in 2022 will usher in the seventh time in the year.

Source: Economic Reference News

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