The rights and interests of car owners have been greatly improved, and the biggest adjustment of oil prices in 2024 is imminent
As the domestic refined oil price adjustment window approaches on May 15, there are more and more signs that oil prices will usher in the largest reduction in the year in this round of price adjustment cycle. This is good news for the majority of car owners and consumers, which will effectively reduce their burden of living costs.
The collapse in crude oil prices kicked off a new round of price adjustments
During this round of price adjustment cycle, international crude oil prices have fallen sharply. According to statistics, the average price of composite crude oil three days ago was $81.85 per barrel, a decrease of 4.74% compared to the previous price. The sharp drop in crude oil prices has opened the curtain for this round of domestic oil price adjustment.
According to current estimates, in this round of price adjustment cycle, domestic gasoline and diesel prices will be reduced by about 230 yuan/ton respectively. Converted to the retail price of the gas station, this means that the owner will add a tank of 92 gasoline and diesel, which will be about 0.18 yuan and 0.20 yuan cheaper than the previous price, respectively. This reduction is considered to be the largest adjustment in domestic oil prices since 2024.
The sharp drop in oil prices has brought significant benefits to car owners and consumers
From the actual effect, this round of sharp reduction in oil prices will undoubtedly bring great practical benefits to car owners and consumers. As an important expenditure of essential living expenses, the increase or decrease of fuel costs directly affects the actual disposable income level of ordinary people.
Even if the oil price is lowered by 0.2 yuan/liter, for a car owner who fills up the fuel tank once a month on average, it will save about 50 yuan in fuel costs this year. If you have 2 cars at home, you can save more than 100 yuan this year. From a full-year perspective, the effect of reducing expenses is even more pronounced.
In addition, the decline in automobile fuel costs will also have an indirect effect on the entire economy and society. As consumers' real disposable income increases, they will have more spare money to invest in other areas, creating new demand and driving economic prosperity.
The government strikes a balance between energy supply and people's livelihood security
The sharp drop in oil prices is mainly due to the sharp decline in international crude oil prices. However, domestic oil price regulation is not completely equivalent to international oil price fluctuations.
In fact, the relevant decision-making departments need to strike a balance between domestic and foreign supply and demand, ensuring the security of energy supply and alleviating the pressure on people's livelihood expenditures, and other factors. Merely considering following the downward adjustment of crude oil prices may increase the operating pressure on the upstream industrial chain. Completely curbing the volatility of oil prices may increase the burden on the people.