Fuel Price Adjustment Notice: Domestic Oil Prices Set for Significant Drop on November 12

Deep News11-10

Attention, drivers! According to the fuel price adjustment rules, a new round of fuel price adjustments will take place at 24:00 on November 12 (this Thursday).

According to reports, after U.S. President Trump downplayed the possibility of launching a new round of large-scale military strikes against Iran, international crude oil futures prices fell significantly in early trading on the 9th, with declines once exceeding 5% before narrowing somewhat.

As of 11:00 AM Eastern Time on the 9th, the December delivery light crude oil futures price on the New York Mercantile Exchange fell to a low of $86.19 per barrel, down $4.64, a decline of 5.11%; the January delivery London Brent crude oil futures price fell to a low of $92.80 per barrel, down $5.52, a decline of 5.61%.

Affected by today's sharp drop in international oil prices, the current crude oil change rate has reached -7.17%, and fuel prices are expected to be reduced by 380 yuan per ton. Based on this decline, fuel prices are set for a significant drop of 0.29 yuan to 0.34 yuan per liter.

For an ordinary family car with a 50-liter fuel tank, filling up a full tank can save 14.5 to 17 yuan.

Friendly reminder: The current data is only a periodic forecast. The final price adjustment result is subject to the notice from the National Development and Reform Commission on November 12.

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