The tenth adjustment of refined oil prices in 2023: a cumulative reduction of 170 yuan/ton, car owners save 15 yuan per box

According to the latest news, the National Development and Reform Commission has adjusted domestic refined oil prices for the tenth time at 0:00 a.m. on May 17. This adjustment marks a new round of adjustment in refined oil prices in 2023. According to the news, the specific details of this price increase are: the price of gasoline is reduced by 380 yuan per ton, and the price of diesel is reduced by 365 yuan per ton. According to the national average, No. 92 gasoline will be reduced by 0.30 yuan per liter, No. 95 gasoline will be reduced by 0.32 yuan per liter, and No. 0 diesel will be reduced by 0.31 yuan per liter. The average household car fuel tank capacity is 50 liters. If the car owner fills up a tank of No. 92 gasoline, he can save 15 yuan.

According to ITBEAR Technology Information, as of now, domestic refined oil prices have experienced ten adjustments this year, including 5 decreases, 3 increases, and 2 adjustments being stranded. The prices of gasoline and diesel have dropped by a total of 170 yuan and 165 yuan per ton, and prices have returned to stability after experiencing fluctuations.

At the same time, many institutions said that during this round of price adjustment cycles, the Federal Reserve announced its 10th consecutive interest rate hike in early May, and the European Central Bank and the Bank of England also followed the Fed and continued to raise interest rates. Market concerns about slowing growth in crude oil demand have further intensified, and international oil prices have fallen sharply.

The next price adjustment window will open at 24:00 on May 30. In this regard, Li Yan, a refined oil analyst at Longzhong Information, said that based on the current international crude oil price levels, the next round of refined oil price adjustments will show a slight downward trend. The Price Monitoring Center predicts that sluggish demand for crude oil in the short term will continue to affect the weak trend of oil prices. The downward pressure on the global economy is increasing, and it is expected that the prospects for crude oil demand growth are unlikely to change significantly. In addition, we need to pay attention to the impact of "OPEC's" production policy changes and the U.S. strategic petroleum reserve buyback on oil prices in the future.

The above are the latest reports brought to you by ITBEAR Technology Information.

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