In the future, domestic oil prices may continue to rise, marking the first three consecutive price increases of the year
According to the National Development and Reform Commission, starting from 24:00 today, domestic gasoline and diesel prices will increase by 275 yuan and 260 yuan per ton, respectively. This is the seventh increase in domestic refined oil prices this year, and also the first three consecutive increases this year. Based on a typical household car fuel tank capacity of 50L, filling up a tank of 92 octane gasoline will cost an additional 10.5 yuan.
This round of price adjustment is the 15th adjustment of refined oil prices this year, and also the seventh increase within the year. After this price adjustment, this year's refined oil price adjustment has shown a pattern of "seven rises, six falls, and two stalls".
According to the "ten working days" principle, the next round of retail price adjustment for refined oil products will be on August 9th at 24:00. For the next round of price adjustments, institutions generally predict that oil prices may continue to rise.
Industry insiders believe that currently, Saudi Arabia's additional production cuts will continue until August, and Russia will also begin an additional 500000 barrels per day reduction in August. The summer fuel consumption peak in the northern hemisphere remains strong, and it is expected that the next round of refined oil price adjustments will have a high probability of increase. Based on the current crude oil prices, the rate of change of crude oil at the beginning of the new pricing cycle is still within a positive range, with an initial estimate of around 175 yuan per ton.