According to the National Development and Reform Commission, a new round of refined oil price adjustment window will open at 24:00 today (April 15). According to the price monitoring center of the National Development and Reform Commission, during the current round of refined oil price adjustment cycle (March 31 to April 14), international oil prices fell first and then rose, and the overall level dropped significantly compared with the previous price adjustment cycle.
The price of domestic refined oil products will be reduced to a full tank of oil will cost 21.5 yuan less
The reporter 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 reduced by 545 yuan and 530 yuan per ton respectively.
On national average:
No. 92 gasoline was lowered by 0.43 yuan per liter;
No. 95 gasoline was lowered by 0.45 yuan per liter;
No. 0 diesel was lowered by 0.45 yuan per liter.
The reporter calculated an account for you, according to the general household car fuel tank 50L capacity estimate, fill a tank of No. 92 gasoline, will spend 21.5 yuan less.
In the short term, oil prices will still fluctuate sharply
In this round of price adjustment cycle, the sharp decline in international oil prices is mainly affected by two factors. First, large-scale crude oil reserves are released, and the supply tension is expected to ease. The United States announced that it will release 180 million barrels of crude oil reserves to the market over the next six months, about 1 million barrels per day, the largest in history; other members of the International Energy Agency also plan to release 60 million barrels of oil reserves, with a total of 240 million barrels of oil reserves on the market. Second, under the influence of the war in Russia and Ukraine and the new crown epidemic, economic growth and oil demand are expected to decline. The World Trade Organization cut its global growth forecast for 2022 to 2.8 percent; the International Energy Agency continued to cut its global oil demand forecast to 99.4 million bpd. Falling demand has led to a rebound in crude inventories, with the latest installment of U.S. commercial crude oil inventories rising above 420 million barrels. Specifically, the current oil prices in Brent in London and WTI in New York are at the level of about $110 and $107 per barrel, respectively, down 8.19% and 8.20% respectively from the previous price adjustment cycle.
The Price Monitoring Center of the National Development and Reform Commission expects that oil prices will continue to fluctuate sharply in the short term. In the future, we need to focus on The position and progress of European energy sanctions against Russia. Affected by the Russian-Ukrainian conflict, Russian crude oil production has fallen from 11 million b/d in March to 10.3 million b/d, and the International Energy Agency expects Russian production to fall by 1 million barrels per day in April and by about 3 million barrels in May. Whether this gap can be filled remains to be seen and is the main uncertainty affecting oil prices.
Oil price changes at a glance during the year
(Source: CCTV Finance)
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