Oil prices "three consecutive drops"! No. 92 is reduced by 0.24 yuan per liter, and it will cost 38.5 yuan less than in late June

A new round of domestic refined oil price adjustment window will open at 24:00 on July 26 (today). Domestic oil prices like to mention "three consecutive declines".

According to the National Development and Reform Commission, the domestic retail price of gasoline and diesel has been lowered by 300 yuan and 290 yuan per ton respectively. The national average: 0.24 yuan per liter of No. 92 gasoline; 0.25 yuan per liter of No. 95 gasoline; 0.25 yuan per liter of No. 0 diesel. Taking a family car with a fuel tank capacity of 50L as an example, it will cost 12 yuan less to fill up a tank of No. 92 gasoline.

It is worth mentioning that this is the price reduction has reached a "three consecutive declines". Accumulated, compared with mid-to-late June, a family car has cost 38.5 yuan less to fill a tank of fuel. After this adjustment, the price adjustment of domestic refined oil products will officially present a pattern of "ten rises, four falls and zero stranded", and No. 95 gasoline in some parts of the country will return to the "8 yuan era".

Recently, international crude oil futures prices have continued to decline, the dollar has risen to recent highs and remains high, and the possibility of the Federal Reserve raising interest rates again and inflation leading to demand destruction has increased. However, the crude oil market is still in a state of supply shortage because the 1 million barrels of oil production increase stated by Saudi Arabia has not yet been implemented. However, further cuts in Russia's natural gas supplies to Europe have revived concerns about tighter supplies and helped fuel a sharp rebound in oil prices.

As of the close in the U.S., U.S. crude oil futures for August ended up $1.61, or 1.7%, at $96.18/barrel, with an intraday high of $96.91/barrel and a low of $93.01/barrel; Brent crude oil September futures closed up $1.76, or 1.71 percent, at $104.90 a barrel, after hitting an intraday high of $105.35 a barrel and a low of $101.65 a barrel.

The next oil price adjustment date will be August 29. Under the influence of multiple factors, the international oil price has generally shown a downward trend in shocks, and it is also expected that the domestic oil price will continue to decline.