[YesAuto News] A few days ago, the National Development and Reform Commission announced that since July 24, 2020, oil prices in the international market have fluctuated slightly. According to the current domestic refined oil price mechanism, the average price of the first 10 working days on August 7 is the same as that on July 24. Compared with the average price of the previous 10 working days, and taking into account the unadjusted price on July 24, the cumulative price adjusted is less than 50 yuan per ton. According to Article 7 of the “Petroleum Price Management Measures”, the price of gasoline and diesel will not be adjusted this time, and the unadjusted amount will be included in the accumulation or offset in the next price adjustment.
During the price adjustment cycle, the decline in US crude oil production and inventories, as well as the continued weakness of the US dollar, boosted international oil prices. According to the latest data from the U.S. Energy Information Administration, U.S. crude oil production fell sharply by 2 million barrels/day to 10 million barrels/day in May, the largest monthly decline in history; commercial crude oil inventories have also fallen by 17.98 million barrels in the past two weeks; the latest drop in the U.S. dollar index To the lowest level of 92.788 in two years, the weaker U.S. dollar also provided support for crude oil prices denominated in U.S. dollars. However, the new crown pneumonia epidemic is still worsening in some countries. The market is worried that this will cause a long-term impact on the global economy and crude oil demand. Therefore, the upward momentum of oil prices is insufficient.
In 2020, domestic refined oil price adjustments have shown a pattern of “two ups, three downs, and ten strandeds”. As of August 7 (today), there have been 15 price adjustment window periods this year, of which domestic refined oil prices will be lowered on February 4, February 18, and March 17, and domestic refined oil prices will be lowered on June 28 and July 10. The price increases. As of this price adjustment, the price of gasoline has been reduced by 1,630 yuan per ton, and the price of diesel has been decreased by 1,570 yuan per ton. (Source: National Development and Reform Commission; @央视金融; Compilation/Auto Home Jiang Che)