Domestic oil prices are facing a downward cut again, and car owners are looking forward to more price cuts
As international crude oil prices continue to fluctuate and fall, domestic refined oil prices have also been affected by fluctuations. After a sharp rise at the beginning of this year, oil prices have recently ushered in several rounds of downward adjustments. For the majority of car owners, it is undoubtedly good news to look forward to the continued decline in oil prices, after all, low oil prices mean that a certain travel burden is reduced.
In mid-April, oil prices fell sharply, starting a series of downward adjustments
Looking back at the trend of domestic oil prices in the past month, on April 15, the price of refined oil ushered in the first sharp decline in the year, with gasoline and diesel prices falling by 235 yuan and 220 yuan per ton respectively. This is more than four times the previous two modest reductions this year.
Since then, oil prices have continued to decline slightly on May 3 and May 15 with the arrival of the price adjustment cycle. So far, domestic oil prices have been declining for three consecutive price adjustment cycles.
For the majority of car owners, such frequent oil price reductions are undoubtedly a happy news. After all, compared to the high oil prices at the beginning of the year, the cost of filling up a tank of fuel has been greatly reduced. For long-distance transport vehicles and buses, the direct impact of the reduction is even more significant.
The next round of price adjustment window on May 29 Domestic oil prices may fall the most this year
Despite this, from the view of industry analysts, the tide of domestic refined oil prices has just begun. According to the existing price adjustment mechanism, the next round of price adjustment window will fall at 24 o'clock on May 29.
There are still 12 days to go before the price adjustment date, and the current reference data shows that compared with the previous price adjustment cycle, domestic oil prices have shown a 0.79% decline. According to the current standard, as long as the decline exceeds 50 yuan per ton, a new round of price adjustment will be triggered.
For the possible reduction of the price adjustment, many analysts judge that it may exceed 50 yuan/ton, and is even expected to refresh the record of the largest single reduction in oil prices this year.
In other words, the cost of filling up a tank of gas from a gas station will be significantly lower than it is today. For the majority of car owners, it is really gratifying news. In the current environment of inflation and the persistently high cost of living, this will alleviate some of their spending pressure to a certain extent.
Oil prices have entered a downward channel, and car owners want to maintain the downward trend
In fact, since late March, domestic refined oil prices have entered a downward channel. The price adjustment in the first two months showed an upward trend, and since then it has experienced four consecutive rounds of downward adjustments, which have greatly offset the previous increase.
It should be pointed out that, despite this, the current average price of No. 92 gasoline is still around 8 yuan/liter in some areas, and it has also increased to a certain extent compared with the price level of the same period last year. Therefore, the follow-up price adjustment is still worth looking forward to.
In the longer term, if international crude oil prices can continue the downward trend, there will be room for further downward adjustment of domestic refined oil prices. At that time, car owners will further enjoy a real sense of gain. Of course, this process may take a certain period of time and involves many complex factors, but overall, the whole situation is moving in a good direction.
There is a lag in the adjustment of domestic oil prices, and the later period may increase the intensity of downward adjustment
The judgment that this round of oil prices may be significantly lowered is mainly due to the following reasons:
First of all, there is a certain lag in the adjustment of domestic oil prices, and it is necessary to refer to the fluctuations of international oil prices in the recent period. Recently, international oil prices have generally shown a downward trend, so domestic price adjustments will also delay reflecting this change.
Secondly, in the last round of price adjustment to May 15, there is still a phenomenon of "pressing the bottom of the box", that is, the actual reduction is less than the space that should be reflected in the decline in international oil prices.
Thirdly, as the mainland's purchases of Russian crude oil continue to grow, the procurement cost of crude oil will be further reduced, creating room for downstream refined oil prices to be lowered.
Finally, it is currently in the "traditional off-season", the demand for oil products is relatively limited, and the domestic refined oil inventory is relatively sufficient.
From the above factors, it can be seen that there is still a lot of room for domestic oil prices to be lowered in the future. For the majority of car owners, it is also hoped that the price adjustment department can reflect the corresponding range of reduction at the appropriate time to further reduce the pressure on their travel costs.
It is expected that policy-based price adjustment will balance the interests of producers and consumers
It should be recognized that frequent oil price adjustments have undoubtedly increased the operating pressure on all parties. For upstream suppliers, the continued decline in oil prices means that revenue and profit margins are compressed; For gas station operators, the recovery in oil sales in the short term may also be affected.
Therefore, when adjusting prices, decision-makers need to comprehensively weigh the interests of all parties and strive to find a balance between supply and demand. After all, it is not necessarily wise to blindly pursue "low oil prices", and excessive price reduction may affect the continuous operation of the entire industry chain.
In the future, in addition to timely adjustment according to changes in the international crude oil market, it may also be possible to consider increasing the intensity of policy price adjustment. Through differentiated and refined regulation and control methods, the healthy and orderly development of the entire industry can be realized, and the vital interests of consumers can be met to the greatest extent.
Overall, in the face of the upcoming price adjustment window on May 29, most car owners undoubtedly showed "high" expectations. After all, in the context of high inflation, fuel expenditure accounts for a large part of the expenses of private car owners. Expecting further declines in oil prices is not wishful thinking, but meets the realistic needs of the majority of car owners. It is believed that through scientific decision-making and balancing the interests of all parties, the mainland's oil price control will be stable and far-reaching, and it will contribute to the development of the entire national economy.