Fuel Prices Set for Adjustment, Potentially Hitting a New High This Year

Deep News10-28 17:50

According to the fuel price adjustment rules, a new round of fuel price changes will take effect at 24:00 on October 29.

On October 27, international oil prices fell. As of the close that day, the December light crude futures on the New York Mercantile Exchange dropped by $1.86 to $99.90 per barrel, a decline of 1.83%; the December London Brent crude futures fell by $1.93 to $113.88 per barrel, a decline of 1.67%.

Latest institutional estimates: Gasoline and diesel are expected to rise by 395 yuan/ton and 380 yuan/ton respectively. Converted, 92-octane gasoline will increase by 0.32 yuan/liter, 95-octane gasoline by 0.34 yuan/liter, and 0-octane diesel by 0.33 yuan/liter.

Friendly reminder: These are currently only periodic forecast figures. The final adjustment result shall be subject to the notice from the National Development and Reform Commission on October 29.

Current national average fuel prices: 92-octane gasoline at 8.59 yuan/liter, 95-octane gasoline at 9.17 yuan/liter, and 0-octane diesel at 8.27 yuan/liter, just 0.3 yuan/liter away from this year's highest level. If this round of price increases takes effect as expected, domestic fuel prices may directly surpass the April high and set a new high in recent years.

Drivers with travel plans are advised to arrange their refueling time reasonably and fill up their tanks before the price adjustment to save on fuel costs.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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If this round of price increases takes effect as expected, domestic fuel prices may directly surpass the April high and set a new high in recent years.<br><br>Drivers with travel plans are advised to arrange their refueling time reasonably and fill up their tanks before the price adjustment to save on fuel costs.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4585","symbol_name":"ETF&股票定投概念","start_time":0,"source_url":"","article_id":"1101747072","we_media_id":"1039043262","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1101747072","pubTimestamp":1793181031,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Deep News","introduction":"Global Stock Market Deep Analysis","home_visible":1,"id":"1039043262","head_image":"https://community-static.tradeup.com/news/8296859682db4b478146245e72de1922"},"summary":"According to the fuel price adjustment rules, a new round of fuel price changes will take effect at 24:00 on October 29.On October 27, international oil prices fell. 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