Notice!Tonight, oil prices will change again!

This cycle (since September 6), the European Central Bank raised interest rates again, and the macroeconomic pressure has not diminished, but the concerns of the tight supply of the oil market have continued. The international oil price fluctuates, and the overall operating range has fallen compared with the previous period. It is expected to be September 21st. At 24:00, domestic refined oil prices will be reduced. Temporarily expected that the price of auto and diesel will be reduced by about 280 yuan per ton, which is equivalent to 92#gasoline and 0#diesel to 0.22 yuan and 0.24 yuan per liter.

In order to curb inflation, on September 8, the European Central Bank decided to increase the three major interest rates of the euro zone with 75 basis points, and continued to raise interest rates in the next few months.

According to data released by the US Department of Labor, the US Consumer Price Index (CPI) increased by 8.3%year -on -year in August this year, and the year -on -year increase remained at a historical high. The market is expected to raise interest rates at the Monetary Policy Conference in September in September.

Increased risk aversion in the financial market and the upward of the US dollar index make oil prices pressure. But at the same time, the tension of European energy supply and the United States' release of strategic oil reserve plans are about to end the supply side. Farewell continuation will continue, and it will support oil prices to certain support.

In this cycle, due to the macro and demand levels of concerns, Buret crude oil futures fell below $ 90/barrel, but then stabilized operations. WTI crude oil futures also received strong support at the front line of $ 80/barrel. The change rate of crude oil prices in this cycle continues to operate in the negative interval. The data released by Xinhua News Agency's oil price system on September 20 shows that the average price change rate of a package on September 19 is -6.48%. Domestic steam and diesel prices will be reduced, temporarily expected that the decline will be around 280 yuan.

Chart: The average price change rate of crude oil since the release of the Xinhua News Agency Petroleum Price System

Data source: China Natural Gas Information Terminal (E-GAS System)

Since the beginning of this year, the domestic oil retail price limit has undergone 17 price windows, which has risen and 6 declines. After the rise and fall, the cumulative domestic auto and diesel prices have increased by 1,595 yuan and 1535 yuan, respectively.

In terms of the wholesale market, due to the expected expected retail price, the recent wholesale prices of auto and diesel have fallen to varying degrees. Among them, the demand for diesel during the peak season is relatively good, and the decline is relatively small. China Automobile and diesel wholesale prices jointly released by China Economic Information Agency, China Petroleum Economic and Technological Research Institute, and Shanghai Petroleum and Natural Gas Trading Center showed that on September 19, the average wholesale prices of 92#gasoline and diesel (including low coagulation points) nationwide were respectively. It was 9328 yuan/ton and 9017 yuan/ton, which fell 277 yuan/ton and 48 yuan/ton respectively from September 7 (the first working day after the price adjustment).

Looking forward to the market outlook, in the context of the continuous interest rate hikes of many central banks, global economic growth and the prospects of oil demand have continued to be under pressure; however, OPEC+has announced that in October In response to market changes and showing a strong willingness to raise a strong price, the market's expectations for "shot" when OPEC+breaks important mortar under oil prices. Taken together, international oil prices or weak shocks are expected to be in the short term.

Original title: Xinhua Finance | September 21 domestic gasoline and diesel prices are expected to be reduced (Reporter: Dong Shishan)

Source | Xinhua News Agency client

Edit | Chen Fangxin

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