The price of oil rebounded and the "7-year era" is back

After after three losing streak, the domestic refined oil prices finally rebound in prices, "7 per age" comeback. Yesterday evening, the National Development and Reform Commission issued a notice and decided to increase the price of gasoline and diesel by 390 yuan and 370 yuan per ton respectively from the midnight on August 10th. The price per litre for gasoline No. 90 and diesel No. 0 (National Average) increased by RMB 0.29 and RMB 0.32 respectively.

Since June 22, international crude oil prices have rebounded strongly. As of August 7, Brent crude oil prices rebounded by a minimum of 22.7% from the current round, and New York crude oil rebounded by 20.3%. Affected by favorable economic data from the United States and oil supply concerns, international oil prices rose on the 9th. The price adjustment of crude oil in the three domestic crude oil price adjustment benchmarks reached 6.7%.

According to the current price adjustment mechanism for domestic refined oil products that meets 4% and 22 working days, the conditions for the fuel price adjustment cycle of 22 working days have been met since the last price adjustment on July 11th. As of yesterday, the Development and Reform Commission is facing domestic Refined oil prices began to formally increase.

Local oil prices

Local oil prices

It is said that yesterday, the three major oil companies PetroChina, Sinopec, and CNOOC have begun to control the wholesale quantity of large single oil products. The National Development and Reform Commission issued a notice requesting that PetroChina, Sinopec, and CNOOC should organize well the production and transportation of refined products, maintain reasonable inventory, strengthen comprehensive coordination and emergency dispatch, and guarantee the supply of refined oil.

In addition, the notice pointed out that after the price adjustment of refined oil products, the country will continue to provide grain farmers, fisheries (including oceanic fisheries), forestry, urban public transport, rural road passenger transport (including inter-island and rural waterway passenger transportation) in accordance with the established subsidy mechanism. ) Give subsidies, etc. At the same time, in order to ensure that the market prices are basically stable and prevent chain prices, there is no adjustment to the prices of railway passenger transport, urban public transport, and rural road passenger transport (including inter-island and rural waterway passenger transport) that are closely related to the residents' lives.

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