CCTV Finance (Reporter Pingfan Wuyang)According to the National Development and Reform Commission, a new round of refined oil price adjustment window will be held today ( April 15) at 24:00. According to the monitoring of the National Development and Reform Commission’s Price Monitoring Center, during the current round of refined oil price adjustment cycle (March 31-April 14), international oil prices first fell and then rose, and the overall level dropped significantly compared with the previous price adjustment cycle.
Domestic refined oil prices are reduced, and a full tank of oil will cost 21.5 yuan less
CCTV financial reporters learned from the National Development and Reform Commission that the details of this oil price adjustment are as follows: the domestic gasoline and diesel prices are reduced by 545 yuan and 530 yuan per ton respectively.
National average:
No. 92 gasoline reduced by 0.43 yuan per liter;
95 gasoline reduced by 0.45 yuan per liter;
0.45 yuan per liter for No. 0 diesel.
CCTV financial reporters have calculated an account for you, estimated according to the 50L capacity of the general household car fuel tank Test, fill up a tank of 92 gasoline, it will cost 21.5 yuan less.
Oil prices will remain volatile in the short term
During this round of price adjustment, the sharp drop in international oil prices was mainly affected by two factors. First, large-scale crude oil reserves have been released, and the supply tension is expected to ease. The United States announced that it will release 180 million barrels of crude oil reserves into the market in the next six months, about 1 million barrels per day, which is the largest in history; other members of the International Energy Agency also plan to release 60 million barrels of oil reserves, and there will be a total of 240 million barrels in the market. Barrels of oil reserves are released. Second, under the influence of the war in Russia and Ukraine and the new crown epidemic, economic growth and oil demand are expected to decline. The World Trade Organization lowered its forecast for global economic growth in 2022 to 2.8%; the International Energy Agency continued to lower its forecast for global oil demand to 99.4 million barrels per day. The drop in demand led to a recovery in crude inventories, with the latest U.S. commercial crude stockpiles rising above 420 million barrels. Specifically, London Brent and New York WTI oil prices are currently around $110 and $107 per barrel, respectively, down 8.19% and 8.20% from the previous price adjustment cycle.
The Price Monitoring Center of the National Development and Reform Commission predicts that oil prices will still fluctuate sharply in the short term. In the future, we need to focus on the position and progress of Europe’s energy sanctions against Russia. Affected by the conflict between Russia and Ukraine, the current Russian crude oil production has dropped from 11 million barrels per day in March to 10.3 million barrels per day. The International Energy Agency expects Russia’s daily output to drop by 1 million barrels in April and by 3 million in May. barrel around. Whether this gap can be filled remains to be seen and is the main uncertainty affecting oil prices.
Overview of oil price changes during the year
Source: CCTV Finance