Good news! Oil prices are expected to continue to fall!
According to the monitoring data of professional institutions, on August 6, the 8th working day of the current round of oil price pricing statistical cycle, the reference crude oil change rate was -5.61%, and gasoline and diesel are expected to fall by 240 yuan/ton, exceeding the red line of 50 yuan/ton.
According to the current oil price change range, it is expected that domestic oil prices will be reduced by 0.18-0.21 yuan per liter. Car owners who fill up a 50L fuel tank may spend 9-10.5 yuan less.
This round of oil price adjustment will be officially implemented at 24 o'clock on August 8 (this Thursday). At present, there are still two working days before the official announcement, and with reference to the recent international crude oil price situation, this round of oil price increase will be a high probability event.
Recently, international oil prices have fallen, and domestic refined oil prices have also fallen. In the last round of oil price adjustment (July 25), domestic gasoline and diesel prices were reduced by 145 yuan and 140 yuan per ton, and after conversion, 92# gasoline, 95# gasoline and 0# diesel will be reduced by 0.11 yuan, 0.12 yuan and 0.12 yuan per liter respectively. After the adjustment, the price of 92# gasoline in most parts of the country has returned to less than 8 yuan/liter.
Since the beginning of this year, the domestic retail price of refined oil has undergone 15 rounds of price adjustments, of which 7 have been raised, 5 have been lowered, and 3 have been stranded. If the reduction is implemented on schedule, domestic oil prices will usher in "two consecutive declines".
In retrospect, international oil prices continued to fall during the current round of observation. On August 5, international oil prices hit new lows, with WTI crude oil futures falling to a six-month low and Brent crude oil futures falling to their lowest since the beginning of the year.
Source: China Fund News