The second drop in oil prices can save 8 yuan by adding a box of oil
4hw.com.cn: according to the national development and Reform Commission, a new round of refined oil price adjustment window will open at 24:00 today (August 20). After the oil price cut at 24:00 on August 6, the oil price fell again today.
According to the monitoring of the price monitoring center of the national development and Reform Commission, during the current round of refined oil price adjustment cycle (August 6-August 20), the international oil price decreased significantly. On average, the oil price of WTI in London Brent and New York decreased by 4.99% compared with the previous round of price adjustment cycle. Affected by this, the retail prices of domestic gasoline and diesel will be reduced accordingly.
CCTV financial reporter learned from the national development and Reform Commission that gasoline was reduced by 210 yuan per ton and diesel by 205 yuan per ton.
On the national average:
The price of No. 92 gasoline is reduced by 0.16 yuan per liter;
95 gasoline will be reduced by 0.17 yuan per liter;
0 diesel reduced by 0.18 yuan per liter.
CCTV financial reporter has calculated an account for you. According to the estimation of 50L fuel tank capacity of ordinary household cars, filling a box of No. 92 gasoline will save about 8 yuan. This price adjustment is the fifth reduction in the domestic refined oil price adjustment window in 2019.
During the current round of refined oil price adjustment, the international oil price fell sharply
During the price adjustment cycle, news factors continued to control, and international oil prices fell sharply in the shock.
The sluggish economic data released by major economies at the beginning of the period, especially the continuous decline in the yield of U.S. 10-year Treasury bonds, deepened the market's concern about the global economic recession. In addition, due to the first increase in U.S. crude oil inventories in recent 8 weeks and the U.S. listing China as a currency manipulator, London Brent WTI oil prices in New York fell to a nearly seven-month low of US $56 and US $51 per barrel respectively.
Since then, oil prices in the two cities have rebounded to US $61 and US $57 per barrel due to the continuous reduction in the number of oil rigs in the United States and OPEC's firm implementation of the production reduction plan.
The price monitoring center of the national development and Reform Commission predicts that oil prices will remain volatile in the short term under the combined action of weak global economic growth and expected reduction in crude oil supply.
At present, the production reduction plan implemented by OPEC and the expected reduction in crude oil supply caused by US sanctions against Iran and Venezuela are the main supporting factors of current oil prices. However, market confidence is still very fragile and there are still many uncertain factors. Concerns about the prospect of global economic growth will partially offset the effect of OPEC's production reduction, and there are variables in the trend of oil prices.
Closing price of international crude oil futures
(August 6-August 19)
List of changes in oil prices during the year: Nine rises, five falls and two strandings
In 2019, the price adjustment of domestic refined oil has shown a pattern of "nine rises, five falls and two strandings". As of this price adjustment, gasoline prices have increased by 350 yuan per ton and diesel prices by 340 yuan per ton.