The eighth oil price increase window opened during the year

The new round of oil price adjustment window opened again today. A number of social monitoring agencies analyzed that after the “three consecutive falls” in the retail price of domestic refined oil products, they will usher in “two consecutive rises,” which is also the eighth increase in the year. It is estimated that the increase will be around RMB 100 per ton, which is equivalent to RMB 0.07 per liter for national 90# gasoline and RMB 0.08 per liter for 0# diesel.

After the National Development and Reform Commission raised the domestic retail price limit for refined oil products on November 28th, international oil prices continued to fluctuate upward. WTI crude oil prices also rose in five consecutive series with a cumulative increase of US$4.94 per barrel. As of the close of December 10, the price of WT I for delivery in January 2014 closed at US$98.51 per barrel, and the price of Brent crude oil for delivery in January 2014 closed at US$109.38 per barrel. Although the boots haven't landed yet, the market has begun to react early. Hu Huichun told the "Economic Information Daily" reporter that at present, PetroChina, Sinopec and other domestic units of gasoline and diesel prices have risen to high levels. Yuan / ton.

Short-term domestic diesel tension may continue, coupled with the completion of the domestic majority of the main task of the annual support, is expected to increase after the implementation of domestic oil prices set off a new round of climax. In the medium and long term, with the gradual availability of market resource supply, there may be a slight correction in the high-priced regions, and the turning point of the oil price trend may become the end of this month.