China's finished oil prices will start with an upward revision in 2023

In 2023, China's refined oil prices will start with an upward adjustment
.

China's National Development and Reform Commission said on the 3rd that according to the recent changes in oil prices in the international market, according to the current refined oil price formation mechanism, from 24:00 on January 3, 2023, domestic gasoline and diesel prices will increase by 250 yuan (RMB, the same below) and 240 yuan
per ton respectively.

Equivalent to rising prices, the national average, No.
92 gasoline, No.
95 gasoline and No.
0 diesel increased by 0.
2 yuan, 0.
21 yuan and 0.
2 yuan
per liter respectively.
Due to the "three consecutive declines" in domestic refined oil prices at the end of 2022, Dai Tiandong, an oil product analyst at Zhuochuang Information (53.
700, 0.
00, 0.
00%), pointed out that after the implementation of the upward adjustment policy, the price of No.
92 gasoline in most parts of China is still in the "seven-yuan era"
(per liter).

After the price adjustment is implemented, the cost of consumer oil will rise
slightly.
Dai Tiandong said that taking a family car with a fuel tank capacity of 50 liters as an example, a full tank of No.
92 gasoline will cost about 10 yuan more than before, and No.
95 gasoline will cost 10.
5 yuan
more.

In terms of fuel consumption, taking a small private car with a monthly run of 2,000 kilometers and a fuel consumption of 8 liters per 100 kilometers as an example, the cost of fuel for consumers will increase by about
15 yuan before the next price adjustment window opens (24:00 on January 17, 2023).

In the logistics industry, taking a heavy truck running 10,000 kilometers per month and a fuel consumption of 38 liters per 100 kilometers as an example, the fuel cost of a single vehicle will increase by about
355 yuan before the next price adjustment window opens.

Looking forward to the future market, Meng Peng, an analyst at Zhuochuang Information refined oil products, said that the recent pressure on the international crude oil market due to the rise in US oil inventories, but due to concerns about supply disruptions, there is strong support below crude oil, so it is expected that the recent international crude oil price may show a weak adjustment market overall
.
According to the current crude oil level, the rate of change of crude oil in the new cycle is in the positive range, and the upward revision expectation still exists
.