The fourth increase in the oil price of finished products in the year to fill up a box of 92 gasoline costs 3 yuan more

 The fourth increase in the oil price of finished products in the year to fill up a box of 92 gasoline costs 3 yuan more

The price of refined oil is increased, and it will cost 3 yuan more to fill a box of oil

CCTV financial reporters learned from the national development and Reform Commission that the specific situation of the oil price adjustment is as follows: 80 yuan per ton of gasoline and 70 yuan per ton of diesel.

On the national average:

95 gasoline increased by 0.07 yuan per liter;

No.0 diesel oil increased by 0.06 yuan per liter.

Epidemic situation suppresses demand and OPEC + production reduction affects oil price in later period

Short term oil price is difficult to change

During the price adjustment period, the OPEC + production reduction agreement continues to provide some support for oil prices. Saudi Arabia and Russia held several meetings to reaffirm strict compliance with the current agreement on production reduction and urged oil producing countries that had not fully fulfilled the agreement to complete compensatory production reduction by the end of the year. The US is close to reaching an economic stimulus plan, which also boosted oil prices.

However, novel coronavirus pneumonia cases in the US and Europe continue to rise, and some countries have implemented new blockade measures, which aggravated the pessimism that the market is spreading again, the global economic recovery is weak and the demand is low spirited.

In addition, the number of active oil wells in the United States began to increase, and Libyas crude oil production rose, all of which put pressure on oil prices. On average, the crude oil futures prices of London Brent and New York WTI crude oil futures in this price adjustment cycle were US $42.66 and US $40.60 per barrel, respectively, up 2.25% and 1.95% compared with the previous period.

According to the price monitoring center of the national development and Reform Commission, the demand suppression by the epidemic situation and the OPEC + promotion of production reduction will still be the two major factors affecting the oil price in the later stage, and the short-term oil price will be difficult to change and the trend of volatility will be weak.

Oil price changes during the year: 4 up, 4 down, 12 stranded

In 2020, the price adjustment of domestic refined oil has shown the pattern of four rises, four falls and twelve stranded. As of this price adjustment, the gasoline price has been reduced by 1780 yuan per ton and diesel price has been reduced by 1720 yuan per ton.