Economy

On May Day, the oil price has decreased. Filling up a box of gasoline saves 6.5 yuan

2023-04-29   

According to the National Development and Reform Commission, the new round of refined oil price adjustment window opened at 24:00 on April 28th. The Price Monitoring Center of the National Development and Reform Commission has monitored a decrease in international oil prices during the current round of refined oil price adjustment period (April 17-27). On average, the WTI oil prices in London Brent and New York have decreased by 3.69% compared to the previous price adjustment cycle. The reporter learned from the National Development and Reform Commission that the specific situation of this oil price adjustment is as follows: gasoline will be reduced by 160 yuan/ton, and diesel will be reduced by 155 yuan/ton. On average across the country, 92 gasoline was reduced by 0.13 yuan; 95 gasoline will be reduced by 0.13 yuan; Number 0 diesel will be reduced by 0.13 yuan. The reporter has calculated an account for you. Based on the estimated 50L capacity of a typical household car fuel tank, filling a box of 92 gasoline will save 6.5 yuan. The market is concerned about the weak demand for crude oil, and the fluctuation of oil prices has dropped to a low point in nearly a month. During the price adjustment cycle, the market's concern about the weak demand for crude oil has offset the impact of the "OPEC+" production reduction, and the oil price has shown a fluctuating downward trend. Inflation levels in developed economies such as Europe and the United States remain high, and in March, the core CPI excluding energy, food, and tobacco and alcohol prices in the eurozone hit a historic high; The core CPI of the United States has stopped falling and rebounded; The core CPI in the UK remains unchanged from last month and has not slowed down. The market expects that the European Central Bank, Federal Reserve, and Bank of England will continue to adopt interest rate hikes to combat inflation, increasing the risk of a global economic recession, and suppressing crude oil demand. Affected by this, oil prices have fluctuated and dropped to nearly a month low. On average, the WTI oil prices in London Brent and New York have decreased by 3.84% and 3.54% respectively compared to the previous price adjustment cycle. The Price Monitoring Center of the National Development and Reform Commission predicts that in the short term, the "OPEC+" is about to begin implementing a production reduction plan, and the US crude oil inventory continues to decline. Tight supply will support oil prices; But at the same time, oil prices will also be affected by the expected downturn in the global economy and demand. Under the interweaving of long and short factors, the possibility of oil price fluctuations is high. (New News Agency)

Edit:Hou Wenzhe Responsible editor:Weize

Source:CCTV

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