Tonight, at 12 o'clock, we'll have a new rotation window for the finished oil. Gas and diesel rates will rise simultaneously
Since 9 may, the current cycle of international oil prices has been weak and strong and has continued to rise, leading directions have changed during the cycle and expectations of a downward revision that was expected to be expected to be offset by successive fluctuations
According to multi-agency estimates, the current round of gasoline is increased by $75 per ton and diesel fuel is increased by $70 per ton to the retail end, ranging from about 6 to 7 cents per litre, and the cost of filling a tank of oil with the owner will go a little further up when the price is increased
The price increase on may 8th was just over, and the price increase for the 92nd was $0. 25 per litre, with an extra $12. 5 for 50 litres. Once this window is delivered, the running costs will continue to rise and the pace of successive increases will be confirmed again
The price adjustment did not suddenly shift near the window, but the shift in international oil prices in the cycle was completed in the direction, and the fall in the second half did not change the overall increase, and the result was written on the books as soon as the window arrived. Let's go
The price adjustment for domestic finished oil is implemented by a 10-day-long mechanism, and the price limit for retailing will not be adjusted until changes in crude oil reach the corresponding level. During the current cycle, international oil prices have weakened in the previous period, gradually rebounded and markets are expected to decline. Litres
Market-wide reference measurements indicate that after 2400 hours on 21 may, petrol 92 will be located in more than $8. 7 per block, petrol 95 around $9. 28, and diesel 0 around $8. 38, leaving a significant difference between regions
At the national level, beijing 92 is $8. 72 per litre, shanghai $8. 67, guangdong $8. 73, chongqing $8. 77, sichuan $8. 81, guizhou $8. 85, yunnan $8. 86, shaanxi $8. 59, xinjiang $8. 52, tibet $9. 58 and hainan $9. 83
Hainan's price has been impressive, with petrol 92 arriving at $9. 83 and petrol 98 at $11. 44, owing to the combination of road tolls included in the pricing of local oil, which has been at different paces over time with the interior provinces
Of this group, diesel is the most likely to be overlooked. While private car users are more sensitive to gasoline, logistics transport, engineering machinery, agricultural machinery cannot bypass diesel prices, and the effect of price increases on terminal costs is not confined to the gas station
Since this year, oil prices have increased for the eighth time, from around $6. 7 to $8. 72 at the beginning of the year, increasing cumulatively by $2. 02 per litre, a combination of which is the path to change. Yeah
International oil prices are supported mainly by the geologic situation, repeated negotiations between the united states and iran, and the risks of passage in the straits of hormuz are widening market concerns, and any disturbance at the supply end is rapidly transmitted to crude oil future pallets. Noodles
Citibank's recent judgement is noteworthy that if the strait of hormuz were to be slowly opened in the third quarter and brent crude oil was likely to burst to $150 per barrel, such expectations would not be conclusive but would be sufficient to raise the market's risk premium
During the current cycle, wti crude oil had fallen to $101. 47 per barrel and brent crude oil had reached a minimum of $108. 36 and then moved back up, with very small fluctuations, but the final direction remained unchanged
The most important concern of the owner is how he feels when he lands, with 50 litres of fuel tanks spending between $3 and $3. 5 more on this lift
The speed of the fuel is well-defined, and the price-fixing point is set for may 21st at 2400 hours, and after that time we're back to the station, and we're running a new price, low fuel, or a vehicle with a travel plan tonight, usually prefers to fill the window. Full
Such reminders are not complex, but they always trigger a concentrated movement before the tipping point, filling up temporarily, refuelling and avoiding price hikes, which has become the norm for many drivers in the face of oil price fluctuations
Another recent clue to be noted is that the oil flow of finished products is no longer a mere one-sided move, that there has been a significant downswing in the markets in the early cycles, and that the latter rebound has completely swallowed up the drop, and that oil prices have not always changed along straight lines
This repeated change has also made market judgement prudent, with institutions predicting adjustments in response to short-term fluctuations in international oil prices, with the previous days being held back, the next days moving upwards, and the final landing still depending on the last line of the window
With regard to the current round, the hottest part of the main circle is the rhythm, which is not exaggerated, but is a continuous upturn, which is not so much higher, but is always in the window
Concerns have also been expressed about the efficiency of internal and external linkages, which often take several working days for the retail sector to reflect when international oil prices are high, when domestic manufactured oils are significantly relaxed, and when futures markets fall rapidly
Urban price differences are also worth looking at, with petrol 92 in beijing and shanghai between $8. 6 and $8. 7 and tibet approaching $9. 6 and hainan approaching $9. 8
From the point of view of the transport industry, the price of diesel is often higher than the price of gasoline in the books of accounts, with fuel costs under constant pressure as long as construction starts on freight drivers, city-owned vehicles and site machinery, and the impact of the oil price window is not confined to private owners
Some agencies have mentioned in their previous calculations that if crude oil continues to remain high, the retail end of the finished product may still operate in a biased manner, which is why the market is cautious about the next rotation price and the rate of conversion is accelerating
Before the current round window, the international oil price boom left room for imagination, and wti and brent both turned back, except that the cyclical cumulative increase had taken shape, and the last-day revision was not enough to reverse the overall direction
In the trajectory of price adjustments since this year, oil prices have been up and down, but the number of increases has been up, and once the eighth increase has landed in the year, the sensitivity of the owner to the “notice increases” will continue to rise and travel costs will rise again
With the exception of private cars, taxis, mesh cars, express delivery, cold-chain transportation are all affected. These industries are not necessarily sensitive to single increases, but are sensitive to long-term trends, and change in a few angles is likely to regroup in monthly costs
Some interpret this round increase as an ordinary adjustment, others as another confirmation of the high oil price phase, with different perspectives and perceptions, but the signal from the market is quite clear that international crude oil is still in a highly sensitive zone
At present, the focus of the market is not just on this price adjustment, but on whether the next window will ease, with crude oil supply and demand, geo-disturbation, stock changes, and dollar movements likely to continue to influence the oil price tempo in the coming days
If these two days of public information were to be read together, the conclusions were rather concentrated, the direction of the price increases was clear, the increase was modest but fell, regional price differentials remained, and international oil prices remained more dominant than a single short-line reversal
For ordinary car owners, the most realistic move is to take the time, to use the car tonight, or the amount of fuel is already at the bottom, and it's usually better to fill it first, after all, the difference between the price adjustment and the price increase is not excessive, but it's already being realized
The price of oil is not surprising in itself, but it is rare that it has achieved a reversal of direction within the cycle, with expectations of a downward spiral before being swallowed up, and then a definitive outcome in front of the window
High oil prices in hainan, tibet and yunnan also serve as a reminder that regional costs are not the same, but also add a tank of oil, that bills vary considerably from province to province, and that the geographic stratification of travel costs persists
In terms of information density, this rotation price is also characterized by a combination of forecasts, disk fluctuations, regional prices, cumulative increases during the year, when oil prices are not just a number but rather a continuous variable affecting travel and transport
After this round rises to the ground, there is a higher probability of a full-line station of $9. 7 on board, that petrol 95 will remain above $9
If you're waiting for the next window, the focus can be on the sustainability of international crude oil, whether the geo-situation situation is eased, whether brent is able to return to the lower zone, and whether the direction of the domestic finished oil valuation cycle is reversed, which will determine the next result
The price adjustment also provides a clear indication that the price tempo in the market for finished oil is dependent on the international market, that the retail side is simply sending fluctuations out of the market in order to judge in advance the rise and fall, and that the cumulative change in the cycle is often more stable than the one on the day
The new price starts at 12 o'clock in the night, refueling in front of the window, refuelling behind the window, but the gap is not so big, but it's enough to remember the time of this round, especially in the context of successive increases, which will be repeated
When oil prices go up, the market will always have its own explanation, and supply, geology, inventory and freight costs will be put on the table, but for the owner, the change in the number of fuel guns is still felt, which is the most direct point of discussion
