Just when everyone is looking forward to the May Day holiday, the National Development and Reform Commission finally came with an exciting news -- from 24 o'clock on April 29, domestic gasoline and diesel prices will be reduced by 70 yuan per ton respectively! Specifically, No. 95 gasoline and No. 0 diesel will be reduced by 0.06 yuan/liter, and No. 92 gasoline will be reduced by 0.05 yuan/liter.
For the majority of car owners, this is undoubtedly a dose of "timely rain". Based on the calculation of the 50-liter fuel tank of an ordinary private car, it will cost about 3 yuan less to fill up a tank of fuel after this price adjustment; For large truck drivers, due to the large fuel tank of their vehicles, the reduction of a tank of fuel is more obvious, reaching 19.6 yuan! Although the number does not seem to be large, it is still a lot of expense savings for friends who usually commute to work or long-distance transportation.
More importantly, the downward adjustment coincides with the peak of travel during the May Day holiday, and the cost of people going out to travel and drive will be reduced to a certain extent. It is foreseeable that more vehicles and tourists will be welcomed to tourist attractions and highways around the country, adding joy and convenience to the holiday outing.
Looking back on the adjustment process of domestic refined oil prices since the beginning of this year, this round is the ninth price adjustment in 2024 and the second reduction in the year. So far, this year's price adjustment bureau has shown a trend of "five up, two down and two stranded".
So, what is the main reason for this round of price adjustment?
Analysts pointed out that it was mainly due to the recent low price fluctuations in the international crude oil market. On the one hand, the geopolitical risks in the Middle East have temporarily cooled, and the "geopolitical premium" of crude oil in the early stage has been reversed; On the other hand, the latest crude oil inventory data released by the United States has made the long and short factors unstable, resulting in limited fluctuations in crude oil. In addition, the recent stability of the US dollar has also made oil prices less trendy.
At present, the retail price of diesel in most parts of the country has dropped to 7.7-7.9 yuan/liter, and the price of No. 92 gasoline is around 8.1-8.2 yuan/liter. Industry insiders pointed out that in the future, refined oil prices will remain low. On the one hand, after entering the new price adjustment cycle, according to the calculation results, there should be no obvious price adjustment expectations in China; On the other hand, after the May Day holiday, gasoline consumption demand may decline, while diesel demand is expected to stabilize gradually.
However, in the long run, the uncertainty of energy supply remains a major constraint on oil prices. In the event of a resurgence of the situation, geopolitical risks could rekindle concerns about oil supply, and oil prices are likely to rise in response.
Therefore, although the oil price reduction is a temporary relief, everyone still cannot take it lightly. Reasonable control of travel plans and reduction of unnecessary long-distance driving can not only save expenses, but also contribute to energy conservation and emission reduction.
In general, although this round of price adjustment is not large, it has really reduced the burden of expenses for the majority of car owners and the public. It is believed that in the near future, with the joint efforts of all walks of life, the supply of oil and energy will become more and more stable, and oil prices will further return to a rational level, so that everyone can reduce their worries when commuting and traveling.
Don't keep an eye on the rise and fall of oil prices for a long time, but if you encounter major changes, you should pay attention to them in time and strive to seize the opportunity to take countermeasures. I wish you all a smooth journey and a happy journey during the May Day holiday!