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Domestic finished oil prices or six consecutive rise after work to refueling?
Release Date: 2021-8-25

At 24:00 on January 29, the domestic refined oil price adjustment window will open again. It is estimated that this round of gasoline and diesel retail price increase will be about 80-100 yuan/ton, which will be the first "six consecutive increases" since the implementation of the current price adjustment mechanism in the spring of 2013.

In this cycle, Iraq plans to cut production to 3.6 million barrels a day in January and February, which means the country's oil output will fall to its lowest level since early 2015. In addition, the decline of CRUDE oil inventories in the United States and the further decline of crude oil exports planned by Russian Oil companies in February make the international oil prices maintain the trend of volatile rise, and the reference rate of domestic oil prices shows positive fluctuations.

It is estimated that as of the eighth working day on January 27, the average price of crude oil varieties referenced by domestic oil prices was us $55.31 / barrel, with a change rate of 2.18%, and the corresponding gasoline and diesel retail prices should be raised by RMB 65 / ton. According to the principle of "10 working days" price adjustment of domestic oil prices, it is expected that the price increase of gasoline and diesel in this round will be about 80-100 yuan/ton.

This round of retail price increase or 0.06 yuan/liter, private car owners can fill up the tank before this Saturday.

The next round of domestic oil price adjustment window will open at 24:00 on February 18, 2021. Looking forward to the future market, the uncertainty of us-Iran relations and other factors exist in the international crude oil market recently, so it is expected that the next round of domestic refined oil prices will be reduced.

As the Lunar New Year holiday approaches, the construction of industrial, mining and infrastructure projects in China is further reduced, so the demand for diesel is weak, while the frequency of short trips by the public is increasing, and the demand for gasoline is unchanged.