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Zhuochuang Information: The retail price cap for refined oil products may encounter the first "three consecutive drops" of the year.

K-LinePoet
This cycle, the situation in the Middle East is improving, and a US-Iran memorandum of understanding has been reached. Affected by this, crude oil prices are weak, and the negative rate continues to deepen. According to Zhuochuang Information, as of the close of July 1, the change rate of crude oil on the 9th working day was -19.31%, and it is expected that gasoline and diesel will be reduced by 855 yuan/ton. With only one working day left before the price adjustment window, there is a high probability that the retail prices of refined oil products will be significantly lowered on July 3 at 24:00. This adjustment will be the first "three consecutive declines" this year, with a relatively obvious cumulative decline. As the summer vacation begins, the cost of oil consumption for consumers will further decrease. (Zhuochuang Information)
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