The domestic refined oil price adjustment window will be officially opened tomorrow night 12. Up to now, there are only 1 working days left. At present, international oil prices have fallen sharply. The New York Mercantile Exchange's light crude oil futures price for September delivery has dropped by 2.34% to close at $88.54 per barrel, the biggest drop since the conflict between Russia and Ukraine. With the sharp drop in international oil prices, domestic oil prices will be lowered again, and gas stations across the country may usher in a four-day losing streak of oil prices.
How is the oil price adjusted?
China oil price is adjusted every 10 working day. Remember that it is 10 working days, that is, it is adjusted every 14 days. China's oil price is linked to the world crude oil price. Generally speaking, if the international crude oil price rises in this 10 working day, we will adjust it accordingly. On the other hand, if the price rises or falls by less than 50 per ton within 10 working days, or less than 5 cents per liter, the oil price will remain unchanged this week and this price will be included in the next price adjustment.