Home Business The largest drop in refined oil prices this year, the National Development and Reform Commission deploys three barrels of oil to stabilize the supply |

The largest drop in refined oil prices this year, the National Development and Reform Commission deploys three barrels of oil to stabilize the supply |

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Original title: The biggest drop in refined oil prices this year The National Development and Reform Commission deploys three barrels of oil to stabilize the supply

Our reporter Bao Xing’an and trainee reporter Yang Jie

On December 3, according to the National Development and Reform Commission, according to recent changes in oil prices in the international market and in accordance with the current refined oil price formation mechanism, starting from 24:00 on December 3, domestic gasoline and diesel prices (standard products, the same below) Tons were reduced by 430 yuan and 415 yuan.

Xu Na, a refined oil analyst at Zhuo Chuang Information, told the “Securities Daily” reporter that at the beginning of this pricing cycle, the epidemic in Europe has worsened again, and Brent crude oil fell below 80 US dollars per barrel. Although there was a subsequent rebound, the news of South Africa’s new crown virus variants Arousing market concerns about the demand for crude oil in the later period, crude oil once fell more than 10% in a single day. Affected by this, the rate of change of crude oil is in the negative range, and the downward trend is gradually established.

It is worth noting that as of this price adjustment cycle, the domestic refined oil market has experienced 23 rounds of price adjustment windows during the year, of which 14 were raised, 5 were lowered, and 4 were stranded. At the same time, the price reduction is the first “two consecutive declines” this year, and the rate of reduction is also the largest this year.

Hu Xue, a refined oil analyst at Zhongyu Information, told the “Securities Daily” reporter that after the implementation of this round of price adjustments, the retail price of gasoline in most provinces in my country will be 7.04 yuan/rise to 7.29 yuan/liter range, except for Hainan Province and Xining City. 92 gasoline can still hold the 7 yuan/liter mark in most areas in China, but the domestic diesel retail price dropped to 6.63 yuan/rise to the 6.89 yuan/liter range, falling below the 7 yuan/liter mark.

After this round of price adjustments, people’s transportation, production and living costs will drop significantly. According to Hu Xue, the diesel fuel is reduced by 415 yuan/ton, the fuel consumption of 50-ton trucks is about 40 liters per 100 kilometers, and the monthly fuel consumption is about 10,000 kilometers. After the price adjustment is realized, the monthly fuel consumption cost will be reduced by about 1,400 yuan; for private cars, this time Gasoline is reduced by 430 yuan/ton, and a model that runs 2,000 kilometers per month and consumes 8 liters per 100 kilometers will reduce fuel costs by about 54.4 yuan per month.

Hu Xue predicts that after the recent sharp drop in crude oil, the technical side is in the “oversold zone” and there is a certain technical rebound in demand. From the news, OPEC+ insisted on its plan to slowly increase production, and oil prices fell below the recent low for a while; however, it hinted that once Omi Keron’s risk to demand becomes clearer, they may re-discuss production decisions at any time. Crude oil short-term Rebound to close the sun. Looking at the current oil prices alone, in the next round of price adjustment cycles, the retail price limit of refined oil is still expected to be lowered, and the retail end is expected to usher in a “three consecutive decline.”

Dai Tiandong, a refined oil analyst at Zhuo Chuang Information, believes that due to the low crude oil prices in this cycle, the starting price of the average crude oil price in the new cycle will be lowered. According to Zhuo Chuang Information, the initial rate of change in the new cycle is still at a negative low level. Expectations of a “three consecutive decline” in the next price adjustment window at 24:00 on December 17 are still strong.

The National Development and Reform Commission stated that the three major companies, PetroChina, Sinopec, and CNOOC, must organize the production and dispatch of refined oil to ensure stable market supply and strictly implement the national price policy. Relevant departments in various regions should increase market supervision and inspection, severely investigate and punish non-implementation of national price policies, and maintain normal market order.

Massive information, accurate interpretation, all in Sina Finance APP

Editor in charge: Deng Jian

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