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The increase in refined oil products may be the highest in the year.

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Industry Info

Time:2019-02-27

【Summary】According to the principle of "ten working days", the retail price adjustment window for this round of domestic refined oil products is 24:00 on February 28. As international crude oil continues to fluctuate and rise during this cycle, the increase continues to expand. The reporter learned from a number of consulting agencies that the retail price of refined oil will usher in the first "four consecutive rises" of the year at 24:00 this Thursday ".

The increase in refined oil products may be the highest in the year.

According to the principle of "ten working days", the retail price adjustment window for this round of domestic refined oil products is 24:00 on February 28. As international crude oil continues to fluctuate and rise during this cycle, the increase continues to expand. The reporter learned from a number of consulting agencies that the retail price of refined oil will usher in the first "four consecutive rises" of the year at 24:00 this Thursday ".

The rate of change in crude oil has been climbing this cycle, influenced by the implementation of production reduction agreements by Saudi Arabia-led crude oil producers and optimistic expectations of U. S.-China trade negotiations. Dai Tiandong, a refined oil analyst at Zhuochuang Information, calculated that as of the seventh working day on February 25, the reference crude oil change rate was 6.81, corresponding to an increase of 301 yuan/ton for gasoline and diesel. Before the price adjustment, international oil prices or affected by geopolitical and production reduction agreements and other news, there will still be room for upside, so it is expected that the price adjustment range or again expanded, will be expected to hit the largest increase in the year.

Jinlianchuang also calculated that as of the seventh working day on February 25, the average price of reference crude oil varieties was 63.82 US dollars/barrel, with a change rate of 7.12, corresponding to an increase of 315 yuan/ton in gasoline and diesel prices. The agency's refined oil analyst Li Yang told reporters that this round of retail price increases has no suspense, and is expected to usher in the largest increase in the year. Since the beginning of this year, the retail price of gasoline and diesel in China has undergone three adjustments, all of which have been raised, with a cumulative increase of 400 yuan/ton for gasoline and 385 yuan/ton for diesel. After the retail price is raised again, the retail price of gasoline and diesel in China is expected to return to the level of December last year, in which 92# gasoline in some areas of China will return to the era of 7 yuan. For consumers, the cost of fuel has continued to rise since 2019. If the retail price is increased by 310 yuan/ton this time, in the new round of pricing cycle, a private car with a fuel tank volume of 60 liters will fill a tank of fuel. It will cost about 14 yuan more, and the diesel expenditure of a transport truck that travels 10000 kilometers a month and consumes 40 liters of fuel per 100 kilometers will increase by about 540 yuan. It is understood that due to the increase in expectations to boost the market, the preferential rate of domestic main gas stations has gradually decreased. For example, the preferential rate of 92# gasoline at gas stations in some areas of Shandong Province is 0.3-0.7 yuan/liter, while the preferential rate of private gas stations is relatively large. At present, the mainstream preferential rate is 0.5-1.2 yuan/liter. (From China Energy Network)

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Xinhai Holding

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February 28, a new round of oil prices or ushered in the "four consecutive rise"