@上海车主们, good news
The most drastic oil price cut of the year is coming!
Lower oil prices
The decrease was 0.17-0.2 yuan/liter
The Shanghai Municipal Development and Reform Commission issued a notice on the adjustment of oil prices in the city: from 0:00 on May 16, No. 92 gasoline will be reduced to 7.96 yuan/liter, No. 95 gasoline will be reduced to 8.47 yuan/liter, and No. 0 diesel will be reduced to 7.65 yuan/liter. According to the estimation of the 50L capacity of the fuel tank of the average family car, it will cost about 9.5 yuan less to fill up a tank of 92 gasoline.
Note: No. 98 gasoline is priced by the company.
Up-to-date price list
Note: The gasoline and diesel prices in the table are the prices of motor gasoline and VI motor diesel in accordance with the mandatory national standards of the sixth stage.
The latest 92 gasoline price trend
After the price adjustment, this year's refined oil price adjustment will show a pattern of "five up, three down and two stranded", and the next round of retail price adjustment of refined oil will be at 24 o'clock on May 29.
In the current round of pricing cycle (April 29-May 14), international crude oil prices have weakened. London Brent and New York WTI oil prices fell by an average of 4.8% compared with the previous round of price adjustment cycle.
As of the 14th, the price of light crude oil futures for June delivery on the New York Mercantile Exchange fell by $1.10 to close at $78.02 per barrel, a decrease of 1.39%; London Brent crude futures for July delivery fell 98 cents, or 1.18 percent, to settle at $82.38 a barrel.
U.S. crude oil production rose 578,000 b/d to 13.15 million b/d in February, up 4.6% month-on-month and the largest monthly increase since October 2021, according to the latest data from the U.S. Energy Information Administration (EIA). This restrained further increases in oil prices.
Some Wall Street people also continue to be bearish on international oil prices. Citi forecasts that the average oil price in the second quarter of this year will be $86 per barrel, slightly higher than the current Brent crude price of $83 per barrel, but will fall to $74 per barrel in the third quarter.
The Price Monitoring Center of the National Development and Reform Commission expects that oil prices will fluctuate and operate weakly in the short term. On the one hand, the U.S. inflation data continues to rebound, and the delay in interest rate cut expectations will have a dampening effect on crude oil demand. On the other hand, the increase in U.S. crude oil production and the production exceeding quotas of some "OPEC+" members will also offset the supporting effect of production cuts on oil prices to a certain extent.
Editor: Li Ling
Source: Shangguan News
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