Domestic oil prices on the mainland ushered in the first six consecutive increases in history. According to the notice of the National Development and Reform Commission of the mainland, from 24:00 on the 29th, the price of gasoline will be increased by RMB 75 per ton and diesel by RMB 70 per ton. The price adjustment is the first six consecutive increases since the current price adjustment mechanism was implemented in the spring of 2013.
According to the agency’s calculations, No. 89 gasoline will be raised by RMB 0.06 per liter, No. 92 gasoline by RMB 0.06 per liter and No. 0 diesel by RMB 0.06 per liter, according to CNN.com. In an ordinary car 50L tank, a full tank of fuel will cost about RMB 3 yuan more.
In the global new crown (Chinese Communist Party virus) Epidemic situation is increasingly severe, and lead to many countries travel restrictions, so that the prospect of Crude Oil demand is suppressed, but the United States intends to launch 1.9 trillion U.S. dollars to fight the epidemic relief major stimulus plan, Iraq plans to cut oil production and other news, so that oil prices gain some upward momentum, international crude oil futures prices to maintain a narrow range of oscillating trend.
The next oil price adjustment on the mainland is scheduled for February 18 at 24:00.
Looking ahead, Zhuo Chuan information analyst Meng Peng said, the next round of pricing cycle, crude oil rate of change will start with a negative value, but the corresponding retail price limit of refined oil products down by a small margin, the direction of the price adjustment of refined oil products limit there is greater uncertainty.
Li Yan, a refined oil analyst at Lonzhong Information, believes that the next round of refined oil price adjustment will start with a downward trend, with a range of about RMB 10 per ton. At present, the new version of the U.S. economic stimulus bill will have a high chance of delaying the launch, coupled with the less-than-expected progress of vaccination in Europe and the United States, international oil prices are under pressure, and it is expected that the next round of price cuts for mainland refined oil products will have a higher chance.
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