Fuel Price Adjustment Scheduled

Deep News11:11

According to the established schedule for domestic refined oil product price adjustments, the next pricing window will open at 24:00 on July 3rd.

Based on forecasts from specialized institutions, influenced by recent trends in international oil prices, the current crude oil change rate has reached -15%. This is projected to lead to a price reduction of 820 yuan per ton.

If this expected decrease materializes, the prices of gasoline and diesel are anticipated to fall by 0.62 yuan to 0.74 yuan per liter.

The final adjusted prices for this round will be officially confirmed by the National Development and Reform Commission.

In the first two adjustment cycles of June, prices were already lowered twice consecutively. Gasoline and diesel saw cumulative reductions of 1040 yuan and 1000 yuan per ton, respectively.

Translated into per-liter costs, this equates to a cumulative drop ranging from 0.84 yuan to 0.89 yuan. As a result, the price of 92-octane gasoline has already fallen below 8 yuan, re-entering the 7-yuan price range.

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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