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  • Oil prices dropped sharply on 5 november, with gasoline 95 and 92 declining by $140 per ton nationwi

       2026-05-07 NetworkingName1640
    Key Point:Today, 5 november, less than two days remain before the twenty-second round of oil price adjustments in november. Today's novel has brought you the latest oil price developments. At present, oil prices are rising in two rows in october, and after an increase of 2 cents/litre, petrol price no. 95 has returned to the era of 8 level。However, with statistics on the first round of oil price adjustments in november, it is expected that the price

    Today, 5 november, less than two days remain before the twenty-second round of oil price adjustments in november. Today's novel has brought you the latest oil price developments. At present, oil prices are rising in two rows in october, and after an increase of 2 cents/litre, petrol price no. 95 has returned to the “era of 8” level。

    However, with statistics on the first round of oil price adjustments in november, it is expected that the price of oil will decline significantly. Despite successive increases in international oil prices in the previous few days, which led to a recovery in oil prices, the current rate of change in crude oil has fallen significantly by more than 3. 4 per cent. Today's fall has exceeded the standard of lower oil prices, so the owners can rest assured that oil prices will be lower tomorrow night。

    11 may lower petrol prices

    ** international situation: ** lately, the unexpected weakness of employment data in the united states has given rise to market expectations of a possible fall in interest rates for the fed. At the same time, the proximity of the united states presidential elections will also have an impact on international oil prices. In addition, the recent recovery in international oil prices due to supply and demand factors contributed to the rise in oil prices。

    ** updated international oil prices:** as at 5 november (twice) the price of united states crude oil wti was $70. 88 per barrel, an increase of 2. 0 per cent, and brent crude oil was $74. 45 per barrel, an increase of 2. 14 per cent。

    ** twenty-second round of oil price adjustments, 2024:**

    ** oil prices today (5 november)**: details of oil prices for petrol 92, 95, 98 and diesel 0, please refer to the list below。

    11 may lower petrol prices

    After two increases in october, the 21 rounds of oil price adjustment this year to date have shown a “9 by 8 by 4” scenario, culminating in a modest increase of about $15 per ton overall。

    However, the results of the first round of oil price adjustments in november were more optimistic, and instead of rising, oil prices showed the expected sharp decline. Last monday, international oil prices fell sharply by over 6 per cent, the largest single-day decline in almost two years, a change that directly affected domestic oil price expectations. Currently, statistics on oil price adjustments for the current round indicate that oil prices are expected to fall by more than $200 per ton, and, although the rebound in international oil prices has led to a narrowing of the drop, the projected downwards in oil prices still exceed $50 per ton to date and are expected to eventually decrease by about $140 per ton. Based on this adjustment, the retail price of petrol 92 and 95 is expected to increase downwards by approximately $0. 11/to $0. 13/l。

    11 may lower petrol prices

    This oil price adjustment will enter into force at 2400 hours on 6 november (i. E. 1200 hours tomorrow night). Therefore, the owners remember to tell their friends around them not to rush to refuel, as oil prices will be reduced。

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