The red number of the 92 is 7. 98. Not delusions. From 2400 hours on 18 june, for the first time in a year, domestic oil prices were reduced by two consecutive rounds, folding with the 4 june adjustment, and petrol 92 dropped cumulatively by between $0. 65 and $0. 67 per litre — more than 93 per cent of the country's provinces, all of which returned to a seven-dollar zone。
How much did you spend in your tank
Don't listen to those macro numbers. It's in your pocket. Your car with a 50-litre tank is now filled with a box of 92, which is between $32 and $34 less than the two-wheel price reduction. If you spend 7 litres per day on commuting 50 kilometres and 100 kilometres of fuel, and down a month, the cost of commuting alone is about $65, saving $780 a year — enough for two minor repairs。
People who really feel change are those who eat on wheels. A 10,000-kilometre-a-month network driver whose monthly fuel costs can be directly wiped out of $520 and saved more than $6,000 a year, while a heavy cargo truck has a monthly cost of about $1,500, saving more than $18,000 a year。
Behind this is the chain reaction of an overall monthly decline of over $3 billion in the national road freight industry。
How did this price drop hit your head
You can stand in front of this seven-word oil medal, not because of the compassion of a manufacturer. The most immediate reason is that the pillar that previously held up high oil prices — the gunpowder barrel in the middle east — is no longer smoked。
Throughout may and june, the international crude oil market took a roller coaster. Brent crude oil went from a high of $112. 1 per barrel on 18 may to a low of $83. 27 per barrel on 15 june, with a cumulative maximum drop of over 25 per cent。
Brent's crude oil has dropped by more than 25 per cent since its height in may
The key point that triggered all this was the 15 june peace agreement between the united states and iraq, where the market believed that the strait of hormuz was about to sail and the risk premium of more than $20 per barrel accumulated for fear of war had been immediately dumped。
In accordance with the country's "ten working days one-on-one" pricing rule, this downfall was transmitted to your cell phone payment page。
So, how long will the $7 oil price last
Steady. Don't rush to hoard oil cards. This drop may not last forever。
Looking back at the past three years, domestic oil prices have experienced three consecutive downward cycles, in march-april 2025 and in april-june this year. Their common features are that they are accompanied by the mitigation of geo-conflicts and the concentration of risk premiums. On each occasion, there was no one-sided decline that went directly into the long cycle. Once the geo-situation is moving, the oil prices will bounce back like springs。
Now, although petrol 92 is back to the seven-dollar era, the global crude oil stock on the international market has broken the “hundred-day alert line” of 98 days' demand, and europe and the united states are about to enter a hot summer season. There is a high degree of consistency in the judgement of mainstream institutions: oil prices do not enter the unilateral downlink. The core operating zone of brent crude oil remains at $90-110 per barrel, and brent oil prices are still likely to hit more than $120 if the geologic situation is repeated。
