Fuel Price Adjustment Announcement: Significant Decline Expected

Deep News10:50

As of August 8, there are six days remaining until the price adjustment window closes at 24:00 on August 14. At the start of the current cycle, the estimated reduction was 0.09 yuan per liter, but after three consecutive working days of expanding declines, it has now entered a significant downward adjustment range.

Based on the latest calculations, gasoline prices are expected to drop by 380 yuan per tonne, while diesel prices are forecast to decrease by 365 yuan per tonne. Converted to retail prices, 92-octane gasoline is projected to fall by 0.30 yuan per liter, 95-octane gasoline by 0.32 yuan per liter, and 0-diesel by 0.31 yuan per liter.

However, it is important to note that there are still several statistical days remaining in the pricing cycle, and variables remain. If international crude oil rebounds quickly, the current expected decline may narrow. Whether the adjustment is finalized and the exact reduction amount will depend on the official announcement from the National Development and Reform Commission.

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.

Comments

We need your insight to fill this gap
Leave a comment