Gasoline and diesel prices cut in July or three consecutively

On June 9th, Ling Chao’s gasoline and diesel prices were lowered as scheduled. National Development and Reform Commission announced late on the 7th, 9th nationwide from gasoline and diesel prices by 530 yuan and 510 yuan per ton respectively, estimates the retail price of 90 # gasoline and 0 # diesel (the national average) per liter were reduced by 0.39 yuan and 0.44 yuan.

This is the biggest price cut for gasoline and diesel since the current price formation mechanism of refined oil products in 2009, but it is still lower than the expected decline of RMB 600-700/ton.

First Financial Daily news, information analyst Sang Yu Xiao said that the recent downturn in the oil market, the NDRC may be out of consideration for the refining, wholesale, trade, corporate profits, the refined oil retail prices have dropped less than expected.

Zhongyu information analyst, said Ma Yan analysis, refineries whether long-term sales continued to pick up, still need to be decided by the late international crude oil and domestic oil demand, if the international crude oil spot prices continued to rebound can not, then there will be the third reduction Expected, therefore, from a long-term perspective, whether the refined oil market can usher in a comprehensive recovery still has doubts.

According to the current situation, many agencies expect the international oil price to continue to decline. In July, it will usher in the third consecutive price cut this year.

Zhongyu information analyst Wang Jintao also said that now the international crude oil spot price is much lower than the average price of 22 balance to the current trend of crude oil is estimated that the three rate will reach "4%" again in the second half of June conditions The red line, so the domestic retail price of refined oil in the first half of July is likely to be lowered again.