According to the National Development and Reform Commission, a new round of refined oil price adjustment window will open at 24:00 today (February 17).
According to the National Development and Reform Commission Price Monitoring Center, international oil prices continued to rise sharply during the current round of refined oil price adjustment cycle (January 29-February 16). On average, Brent in London and WTI in New York rose 5.26% from the previous round of price adjustment cycles. Affected by this, the retail prices of domestic gasoline and diesel have been increased accordingly.
Domestic refined oil prices have been raised
Filling up a tank of oil will cost an extra $8
CCTV financial reporters learned from the National Development and Reform Commission that the specific circumstances of the oil price adjustment are as follows: the domestic gasoline and diesel prices are increased by 210 yuan and 200 yuan per ton respectively.
On national average:
- No. 92 gasoline was raised by 0.16 yuan per liter;
- No. 95 gasoline was raised by 0.17 yuan per liter;
- No. 0 diesel was raised by 0.17 yuan per liter.
CCTV financial reporter to you to calculate an account, according to the general household car fuel tank 50L capacity estimate, fill a tank of No. 92 gasoline, will cost 8 yuan more.
Global crude oil inventories remain low
Oil prices will remain supportive
During the price adjustment cycle, the confrontation situation between Russia and Ukraine on the border continued to be tense, and the risk premium brought about by geopolitical factors was the main reason for the rise in oil prices.
Some Western countries withdrew their embassy staff in Ukraine, and the United States said intelligence showed that Russia would attack at any time and warned of sanctions against it.
Since Russia is a big exporter of crude oil, the market is worried that once it suffers economic sanctions due to the war, crude oil exports will be restricted, and global supply will be greatly reduced.
As a result, oil prices continued to rise, with Brent in London and WTI crude oil futures in the United States both breaking through $95 a barrel, both of which were new highs since 2014.
In addition, factors such as extremely cold weather in some parts of the United States and falling crude oil inventories have also boosted oil prices. On average, the current round of price adjustment cycle London Brent, New York WTI oil prices increased by 4.57% and 5.95% respectively over the previous price adjustment cycle.
The Price Monitoring Center of the National Development and Reform Commission expects that from the perspective of supply and demand, the "OPEC +" idle production capacity is limited, the actual output has not reached the target of increasing production, the US crude oil production has stagnated, and under the expectation of rapid growth in demand, global crude oil inventories will remain low, and oil prices will still be supported. However, the current oil price contains a relatively large geopolitical premium, and if the situation on the Russian-Ukrainian border eases or the US-Iran nuclear negotiations make significant progress, oil prices will have a considerable correction.
Oil price changes during the year at a glance: three consecutive increases
In 2022, the price adjustment of domestic refined oil products has risen for three consecutive times. As of this price adjustment, the cumulative price of gasoline has been raised by 865 yuan per ton, and the price of diesel has been raised by 830 yuan per ton.
All-media reporter Bu Lan
Integrated CCTV Finance