Attention all vehicle owners! Domestic refined oil product prices are scheduled for an adjustment at 24:00 tonight (May 8th), with multiple institutions predicting a high probability of an upward revision.
According to the current refined oil pricing mechanism, domestic price adjustments are primarily based on the rate of change calculated by comparing the weighted average international crude oil price over the most recent 10 working days with the weighted average from the previous cycle. No adjustment is made to gasoline and diesel prices if the corresponding price change amount per ton is less than 50 yuan. Any unadjusted amount is carried over and accumulated or offset in the subsequent pricing cycle.
During the current pricing cycle (from 24:00 on April 21st to 24:00 on May 8th), international crude oil prices experienced significant fluctuations, showing an initial rise followed by a decline. The situation in the Middle East remains the primary factor influencing oil price volatility. Consequently, the crude oil change rate for this cycle continued to rise within positive territory before a slight pullback, yet it remains in positive range.
As of May 7th (the 9th working day), the latest forecast for this round of oil price adjustment has been released. Gasoline and diesel are expected to increase by 360 yuan per ton and 345 yuan per ton, respectively. This translates to a comprehensive retail price hike: 92-octane gasoline is expected to rise by 0.29 yuan per liter, 95-octane gasoline by 0.31 yuan per liter, and 0-diesel by 0.30 yuan per liter. For a typical 50-liter family car fuel tank, filling up will cost over 14.5 yuan more.
It is important to note that while industry consensus widely predicts an increase in the refined oil retail price ceiling, the final adjustment result will be subject to the official announcement from the National Development and Reform Commission.
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