The third reduction in the retail price of gasoline and diesel in the year is almost without suspense, and it is gradually approaching

International oil prices rebounded this week after a sharp rebound in the roller coaster, once falling below the key mark of $100 per barrel, falling more than 3%
during the week.
Affected by this, the domestic retail price limit of refined oil products will usher in the third reduction
of the year next week.

According to the current refined oil price mechanism, the domestic price of refined oil products is adjusted every 10 working days according to the international market crude oil price (the average price of refined oil products 10 working days before the
price adjustment date).
Commodity information agency Jin Lianchuang's tracking data show that as of July 8, the eighth working day change rate of -4.
08%, the average price of reference oil is 107.
95 US dollars, domestic gasoline and diesel should be reduced by 320 yuan / ton, the current round of price adjustment window on July 12 (Tuesday) 24:00
.
There are only 2 working days left from the price adjustment, according to the closing price of crude oil this week, Jin Lianchuang believes that the third retail price of refined oil products in the year is almost without suspense, and the downward adjustment range is at 370-400 yuan / ton, which is equivalent to about 0.
3 yuan or so
.

Zhongyu Information also believes that the international oil market is intertwined with long and short news, and the possibility of short-term international oil prices continuing to be weak is greater, and the expected wide decline in the retail price of refined oil products in this round is strong
.

According to the surging news, since 2022, the domestic retail price of refined oil products has experienced a total of "ten rises and two falls", after the rise and fall of each other, gasoline and diesel have risen by 2400 yuan / ton, 2310 yuan / ton, and the increase in price of No.
92 gasoline, No.
95 gasoline and No.
0 diesel fuel is 1.
88 yuan, 1.
99 yuan and 1.
96 yuan
respectively.
After the "third fall" of the retail price limit next week is realized, the cumulative increase in refined oil products during the year will be further narrowed
.

Wang Shan, an analyst of Jinlian Chuang refined oil products, said that due to the current batch zero price difference is still at a high level, under the fierce competition in the market, some gas stations can be up to about 2 yuan / liter, with the implementation of the price adjustment, the summer vacation in various places has been opened, and the travel cost of the majority of car owners is about to fall
again.

Although international oil prices have fallen sharply with the expected recession, the current pattern of oversupply in the oil market has not changed
.
Next week, the market will focus on the outcome of US President Joe Biden's visit to Saudi Arabia, where the Saudi-led OPEC is an important variable
affecting current oil market supply.
Although Biden said that it is not aimed at promoting production increases, the market still believes that the visit will be conducive to increased
supply.
OPEC+ and the OPEC+ coalition of 10 non-OPEC producers, led by Russia, plan to lift all production cuts in August and are scheduled to meet on August 3 to determine the course
of action for production beyond September.
If the production increase cycle is started, oil prices may fall
.