Effective from midnight tonight, domestic gasoline and diesel prices will be lowered by 525 yuan and 505 yuan per tonne, respectively.
On a national average basis, the prices for 92-octane gasoline, 95-octane gasoline, and 0-diesel will be reduced by 0.41 yuan, 0.44 yuan, and 0.43 yuan per litre, respectively.
To illustrate the impact, filling a 50-litre tank with 92-octane gasoline will now cost approximately 20.5 yuan less.
Costs for the logistics sector will also decrease; for instance, a heavy-duty truck covering 10,000 kilometres per month with a fuel consumption of 38 litres per 100 kilometres will see its fuel expenses reduced by roughly 763 yuan over the next half-month.
The primary factor influencing international oil price trends during this adjustment period has been the evolving situation between the United States and Iran.
During the cycle, international oil prices experienced volatility, initially declining before partially recovering, with the average price for this period being lower than the previous one.
Analysis indicates that developments in U.S.-Iran relations remain the core factor affecting the direction of international crude oil prices.
Recently, Iran has indicated a suspension of dialogue with the United States and plans to potentially block the Strait of Hormuz, while the U.S. has stated it aims to reach an agreement "within a week."
The increased uncertainty surrounding these negotiations suggests that international oil prices are likely to experience amplified volatility in the near term, warranting close attention to subsequent developments.
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