A few days ago, we learned from relevant media that the retail price limit for domestic refined oil products at 24 o'clock on Monday, July 23 will open a new round of price adjustment window. At that time, the domestic retail price of gasoline and diesel will be adjusted downward by 0.09 yuan/liter.
Analysts believe that US crude oil production may decline to support oil prices, but the dollar rose sharply and API crude oil inventories unexpectedly increased to limit the rebound in oil prices. International crude oil closed up in a narrow range and did not bring good support to the domestic oil market. The market conditions in various regions continued to decline steadily. The prices in North China, East China, South China, and Southwest China and Northwest China fell by RMB 100/ton to RMB 200/ton.
Since the beginning of this year, the domestic retail price limit for refined oil products has experienced 14 price adjustment windows, with a total of “nine rises, four falls and one stranded†pattern. The price of gasoline has increased by 880 yuan per ton, and the price of diesel has increased by 845 yuan per ton.
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