Oil price is the first "three consecutive drops" this year.

Jimu Journalist Zhao Bei

On July 26, the Hubei Provincial Development and Reform Commission issued an announcement that from 24:00 on the 26th, Hubei oil prices were reduced, of which 92 gasoline was reduced by 0.24 yuan per liter.

The announcement shows that according to the recent changes in oil prices in the international market and the price adjustment information of the National Development and Reform Commission, in accordance with the current mechanism for the price of refined oil products, from 24:00 on July 26, 2022, domestic auto and diesel prices (standard products) have been reduced by 300 yuan per ton, respectively And 290 yuan.

Domestic oil price reduction (source: National Development and Reform Commission)

After the price reduction, the highest retail price of steam and diesel in Hubei Province was adjusted accordingly. 92 gasoline was reduced by 0.24 yuan per liter, 0.26 yuan per liter of gasoline, and 0.25 yuan per liter of diesel. According to the 50L capacity of the general household car fuel tank, the owner of Hubei will add a box of No. 92 gasoline and will spend 12 yuan less.

From the perspective of the price per liter, after this round, the market price of Hubei is: 92 gasoline 8.55 yuan per liter per liter, 9.15 yuan per liter per liter, and 8.22 yuan per liter per liter.

Hubei Market Oil Price (Picture Source: Hubei Provincial Development and Reform Commission)

Jimu Journalists have sorted out data that domestic oil prices have been adjusted over the past this year and found that domestic refined oil prices have ushered in the fourteenth round of adjustments, showing the pattern of "ten rises and four declines and zero strand".

The price adjustment continues the downward trend of the first two rounds. This is the first "three consecutive declines" in this year, and it is also the fourth downgrade of this year. On April 15 this year, the domestic refined oil prices were reduced for the first time, and the second reduction appeared on June 28. On July 12th, it was the third downgrade. This is the fourth time domestic oil prices.

It is worth noting that after the price adjustment on June 14, the No. 95 gasoline rose to 10 yuan per liter; after the downgrade on June 28, the No. 95 gasoline returned to the 9 yuan range; the downgrade here was still in the 9 yuan range. After the price adjustment on May 30, the No. 92 gasoline exceeded 9 yuan per liter for the first time this year; after two reductions on June 28 and July 12, the 92st gasoline also returned to the 8 yuan range; Yuan interval.

However, after all, the overall oil price after the price adjustment is still higher than the end of last year. The last price adjustment at the end of last year was December 31st. At that time, the No. 92 gasoline was 7.15 yuan per liter, 7.65 yuan per liter of gasoline 95, and 6.78 yuan per liter of diesel. Compared with the end of last year, the price was compared with each other. The ascension is still expensive 1.4 yuan, 1.5 yuan, and 1.44 yuan.

The National Development and Reform Commission notified that the three major companies of PetroChina, Sinopec, and CNOOC and other crude oil processing enterprises should organize the production and transportation of refined oil products to ensure the stable market supply and strictly implement the national price policy. Relevant departments in various localities should increase market supervision and inspection, severely investigate and deal with acts that do not implement national price policies, and maintain normal market order. Consumers can report price illegal acts through the 12315 platform.

The Hubei Provincial Development and Reform Commission requires that the provincial oil -based oil operation enterprises must organize the production and transportation of refined oil products to ensure the stable supply of the market and strictly implement the national price policy.

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