Tonight, price reduction!

According to the National Development and Reform Commission, the new round of refined oil price adjustment window will be opened today (June 28) at 24:00. According to the monitoring of the National Development and Reform Commission's price monitoring center, the international oil price of the refined oil price adjustment cycle (June 14th -June 27th) has fallen down, and the average oil price of WTI in London and the New York WTI oil price decreased by 5.64%than the previous round.

It is reported that the specific situation of this oil price adjustment is as follows: domestic auto and diesel prices have decreased by 320 yuan and 310 yuan per ton, respectively.

Looking at the average nationwide:

No. 92 gasoline is reduced by 0.25 yuan per liter;

No. 95 gasoline is reduced by 0.27 yuan per liter;

No. 0 diesel is reduced by 0.26 yuan per liter.

According to the 50L capacity of general household car fuel tanks, it will be added with a box 92 gasoline and will spend 12.5 yuan less.

During the price adjustment cycle, factors such as concerns, Fed's radical interest rate hikes and other factors have promoted the decline in international oil prices. First, the market's concerns about economic recession and the need for suppression of demand. US President Biden said the decline in the US economy was "inevitable." Second, many European and American countries have raised interest rates one after another, especially the Fed's radical interest rate hikes have caused recent commodity prices to generally decline. In addition, the U.S. government tried to demand large -scale production in US shale oil companies, and through media shouting, hoping that oil companies would take measures to reduce oil prices, and also increased the downward pressure of crude oil prices.

In the later period, crude oil prices still face many uncertainty. On the one hand, the market's concerns about the global economic recession still exist. At the same time, the current international oil prices are at a high level, and the inhibitory effect on demand will gradually be reflected. On the other hand, the current OPEC country has limited production capacity. At present, in addition to Saudi Arabia, Iraq, and Kuwait, most member states have basically reached the limit in oil production. It still takes time to relieve the production capacity of Iranian sanctions and release Venezuela's crude oil. Recently, the Seven -way Group meeting plans to impose more sanctions on Russia, which will have an important impact on the supply of future global crude oil markets. In the later period of the price adjustment cycle, international oil prices have rebounded. International oil prices may remain at a high level in the short term.

Source: CCTV Finance

- END -