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Domestic oil prices may see the 8th increase of the year.

MeNews
ME News, May 20 (UTC+8), at 24:00 on May 21, the domestic refined oil price adjustment window will open again. According to China Business News, institutions predict that due to international crude oil prices falling first and then rising during this adjustment cycle, refined oil prices will usher in the 8th increase of the year. According to calculations by Jinlianchuang, as of May 20, the average price of reference crude oil varieties was $105.09 per barrel, and it is expected that domestic gasoline and diesel retail prices will increase by 110 yuan per ton. Taking 92-octane gasoline as an example, the increase per liter is about 8 cents. "There is still one working day before the price adjustment window opens, and this increase in the retail price limit of refined oil is highly likely, with the final magnitude possibly exceeding 100 yuan per ton," said Wang Luqing, an analyst at Zhuochuang Information. It is expected that the increase per liter of 92-octane gasoline and 0-diesel will be about 9 cents, and filling a 50-liter tank of 92-octane gasoline will cost about 4.5 yuan more. Liu Bingjuan, an analyst at Longzhong Information, also predicted that at 24:00 on May 21, the domestic refined oil increase will be around 90 yuan per ton. For a 70-liter fuel tank, private car owners will spend about 5 yuan more to fill up. (Jin Shi) (Source: ODAILY)
GAS5.37%
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