[YesAuto News] A few days ago, the National Development and Reform Commission announced that as of May 13, the average price of crude oil on the international market for which domestic refined oil prices are linked was less than US$40 per barrel in the first 10 working days. According to the relevant provisions of the “Oil Price Management Measures” and the “Administrative Measures for the Collection of Oil Price Control Risk Reserves”, the prices of gasoline and diesel will not be adjusted this time, and all unadjusted amounts will be included in the oil price control risk reserve and turned over to the Central Treasury in full.
At present, No. 89 gasoline in Beijing area is 5.15 yuan per liter, No. 92 is 5.50 yuan per liter, No. 95 is 5.86 yuan per liter, and No. 0 diesel is 5.13 yuan per liter. This price adjustment is the 9th time this year, and the price adjustment of refined oil shows a pattern of “0 up, 3 down, 6 stranded”. Affected by the plunge in international oil prices, refined oil prices ushered in a sharp drop on March 17, and the maximum retail prices of gasoline and diesel were reduced by RMB 1,015 and RMB 975/ton respectively. The subsequent three price adjustment windows on April 2, April 15, and April 28 were all stranded because the average international crude oil price was lower than the “floor price” of US$40 per barrel.
The next round of price adjustment window will open at 24:00 on May 28. Regarding the market outlook, Zhang Zhaoxin, an analyst at Zhuo Chuang Information, believes that, recently boosted by verbal production cut speeches from countries such as Saudi Arabia and the United Arab Emirates, international crude oil prices have repeatedly experienced short-term rapid rises during the weak trend. However, under the background of weak demand, After the high crude oil price rises, it is difficult to stand firm and continue to rise. On the contrary, under the pressure of long profits and short positions, crude oil prices tend to fall rapidly. In the short term, the international economic environment is difficult to improve, and the weak international crude oil market will continue, making it difficult to get out of the domestically regulated floor price.