Product Oil Meets The "Second Consecutive Rise" Car Will Increase 10 Yuan After Filling Up A Tank Of Oil

The oil price has ushered in the biggest increase this year!

According to the national development and Reform Commission, at 24:00 on December 3, the ceiling price of domestic refined oil was adjusted, and the retail price of gasoline and diesel was increased by 250 yuan and 240 yuan per ton, equivalent to 89 ᦇ 0.19 yuan, 92 ᦇ 0.2 yuan, 95 ᦇ 0.21 yuan per liter of gasoline and 0 ᦇ 0.2 yuan of diesel oil.

As of the early morning of March 3, the price adjustment of refined oil products in 2020 will show a pattern of "six rises, five falls and twelve stalls". This year, the cumulative decline of gasoline and diesel oil will be 1 540 yuan / T and 1 485 yuan / T respectively.

After this round of price adjustment, the price of vehicle diesel in most parts of the country is 5.7-5.8 yuan / L, and the retail price limit of 92% gasoline is 5.7-5.9 yuan / L. although it has risen, the cost of oil consumption has been greatly reduced this year.

Increased oil cost

This round has been the second consecutive price hike in recent years. In the early morning of November 20, the retail price limits of gasoline and diesel were increased by 0.12 yuan. Taking this price adjustment into account, the oil price in 20 days has been increased by more than 0.3 yuan.

After the implementation of the domestic refined oil retail price limit policy, the travel costs of consumers continue to increase. For example, for a household car with a fuel tank capacity of 50L, a full tank of 92% gasoline will increase by about 10 yuan.

Take a small private car with a monthly mileage of 2000 km and a fuel consumption of 8L per 100 km as an example, the fuel consumption cost of consumers will increase by about 16 yuan in half a month before the next price adjustment window opens (24:00 on December 17, 2020).

The expenditure cost of logistics industry will also increase. Take Steyr heavy truck, which runs 10000 km / month and consumes 38L / 100km / month, as an example, the fuel cost of a single vehicle will increase by about 380 yuan in the next half month.

Next round or rise again

During this round of pricing cycle, the world crude oil market has seen a lot of good news, with WTI and Brent oil prices rising by more than 30% compared with the end of October.

According to the latest data released by EIA, the US crude oil inventory is unexpectedly lower than expected; the atmosphere of vaccine progress is optimistic, and these positive factors continue to push up the international crude oil price. Although OPEC postponed the negotiations on industrial policy in 2021, which raised investors' concerns about increased supply again, crude oil fell somewhat, but overall, crude oil rose more than fell.

In the follow-up, the most critical factor affecting the trend of the global oil market is whether the ministerial meeting of OPEC member states can reach a satisfactory result for the market.

On December 1, the ministerial meeting originally scheduled for that day was postponed to Beijing time on December 3 due to no consensus reached by all parties before the meeting. However, most people are still optimistic that OPEC will not increase production for one to two months in the first quarter of next year.

"At present, the OPEC + ministerial meeting is likely to postpone the current scale of production reduction. The progress of vaccine research and development in Europe and the United States exceeds market expectations. In addition, the US dollar maintains a low level of operation. It is expected that the next round of price adjustment of refined oil is likely to increase." Longzhong consulting analyst Li Yan told reporters.