Since this pricing cycle, the number of cases of COVID-19 infection in Europe and America has risen again, which has affected the demand for crude oil. At the same time, Libya plans to increase crude oil production to 6,543.8+0,000 barrels per day within four weeks, which has increased the pressure on the supply side, resulting in downward pressure on international oil prices, and WTI and Brent crude oil futures have fallen below $40/barrel.
Meng Peng, an analyst at Zhuo Chuang Information, said that although international oil prices rebounded continuously over the weekend due to the influence of the Organization of Petroleum Exporting Countries and its allies in reducing production or delaying the implementation of the policy of relaxing and limiting production, the retail price limit of domestic refined oil products was irreversible at 24: 00 on1October 5, because the change rate of crude oil was still deeply negative. At the same time, because the average price of crude oil has been lower than the floor price of 40 dollars/barrel, the downward adjustment of retail price limit of refined oil only adjusts the part above the floor price.
Extended data:
Specific oil price reduction:
According to the agency's calculation, 89 # gasoline is reduced by 0. 12 yuan, 92 # gasoline by 0. 13 yuan, 95 # gasoline by 0. 13 yuan and 0 # diesel by 0. 13 yuan.
According to the estimation of 50L capacity of the fuel tank of a general family car, it costs less 6.5 yuan to fill a box of 92 # gasoline. This price adjustment is the fifth downward adjustment of the domestic refined oil price adjustment window in 2020.
In 2020, the price adjustment of domestic refined oil products has shown a pattern of "four rises, five falls and twelve stranded". Up to this price adjustment, the price of gasoline is lowered by 1.94 yuan, and the price of diesel is lowered by 1.87 yuan.
Yang guang. Com- The international oil price falls below the floor price, and the domestic oil price will be lowered for the fifth time this year.