Domestic oil prices will be cut for the fourth time this year.
"Economic Information Daily" reporters learned from a number of social monitoring agencies that the recent trend of international crude oil shocks is obvious. Affected by this, domestic oil prices will usher in the fourth downward adjustment this year on June 25.
News of the tanker attack and the release of trade risks helped push up international oil prices, but weak demand has always limited the rebound in international oil prices. As of the close of June 19, the price of light crude oil futures for July delivery on the New York Mercantile Exchange fell 0.14 US dollars to close at 53.76 US dollars per barrel, a decrease of 0.26. London Brent crude for August delivery fell $0.32, or 0.51 per cent, to $61.82 a barrel.
Affected by this, the domestic reference rate of change is stable in the negative range, the current round of refined oil retail price limit reduction is a foregone conclusion. According to Zhuochuang Information, as of the close of trading on June 19, the domestic reference crude oil change rate on the 7th working day was -4.26%, corresponding to a reduction of 190 yuan/ton for gasoline and diesel, and the price adjustment window was 24:00 on June 25. Zhongyu Information Report also expects the price reduction to be 190 yuan/ton. As there are still 3 working days before the price adjustment window, according to the current range, the price increase will be converted into a price increase. 92# gasoline and 0# diesel will drop by 0.15 and 0.16 yuan respectively. Small private cars with a tank capacity of about 50L will be filled with a tank of oil, and the owner will spend 7.5 yuan less. (From Learning Power)