According to the last price adjustment, the price per liter of No.92 gasoline has entered the "7 yuan era". Take Beijing and Shanghai as examples. At present, the No.92 gasoline of PetroChina and Sinopec in Beijing is 7.2 1 yuan/liter, and that of Shanghai is 7. 17 yuan/liter. Hu Huichun, an analyst, said that it is estimated that the price increase is equivalent to the increase of gasoline and diesel by about 0.2 yuan/liter. By then, Dodi 92 gasoline will rise to near 7.4 yuan/liter.

According to the Measures for the Administration of Petroleum Prices, the highest retail price of gasoline and diesel in China is linked to the international oil price. Since this pricing cycle, the international oil price has maintained a firm performance and is in a volatile upward trend.

On May 18 and 17, Brent crude oil futures broke through $80/barrel in intraday trading, setting a new high since May 20 1 14. Recently, US WTI crude oil futures also broke through the $70 mark, setting a new high in three and a half years. Analyst Tan Shu believes that there are many reasons for the rise in oil prices. The United States has announced its withdrawal from the Iranian nuclear deal, and the situation in the Middle East is tense. The market is worried that the supply of crude oil will lead to a sharp rise in prices. Recently, the United States may further sanction Venezuela's oil industry, resulting in a continuous decline in crude oil production, thus supporting oil prices. Source: China News Network