According to the national development and Reform Commission, a new round of oil product price adjustment window will open at 24:00 today (November 16). The biggest drop in oil prices in four years has come. Let's learn more about it.
According to the monitoring of the price monitoring center of the national development and Reform Commission, during the period of this round of price adjustment of refined oil (November 2-15), the international oil price dropped sharply. Affected by this, the retail price of domestic gasoline and diesel ushered in the largest single drop since December 2014.
CCTV financial reporters learned from the national development and Reform Commission that the reduction of 510 yuan per ton for gasoline and 490 yuan per ton for diesel is about three times the average value of the first seven price reductions since this year.
The specific situation of this oil price adjustment is as follows: on the national average,
No.92 gasoline is reduced by 0.40 yuan per liter;
95 gasoline is reduced by 0.42 yuan per liter;
RMB 0.42 per litre of No.0 diesel.
CCTV financial reporter has calculated an account for you. According to the estimation of 50L capacity of ordinary household car fuel tank, it will save about 20 yuan to fill up a box of 92 gasoline.
Multiple factors push the international oil price down sharply
Influenced by a series of factors, such as Saudi Arabia's production increase, US crude oil inventory growth beyond expectations, US easing sanctions on Iran, and the expected decline in demand, the international oil price dropped sharply. At present, Brent and WTI oil prices are down to $66 and $56 per barrel respectively, about $20 lower than the four-year high in early October, down 23% and 26%.
According to the price monitoring center of national development and Reform Commission, the supply and demand of global crude oil market is relatively loose in the later period. It is necessary to pay attention to whether OPEC will propose production reduction measures. OPEC's crude oil supply policy, geopolitical situation in the Middle East and changes in US sanctions against Iran are the main factors affecting international oil prices.
List of oil price changes in the year: 13 up, 8 down and 1 stranded
After this price adjustment, since 2018, the price adjustment of domestic refined oil has presented the pattern of "13 rises, 8 falls and 1 grounding". As of this price adjustment, the gasoline price has been increased by 620 yuan per ton and the diesel price by 595 yuan per ton.