Domestic oil prices may see 8th increase this year

Odaily Planet Daily News At 24:00 on May 21, the adjustment window for domestic refined oil products will open again. According to China Business News, institutions predict that, as international crude oil prices fluctuated during this adjustment cycle, refined oil product prices are set to see their 8th increase this year. Based on calculations by JLC Network Technology, as of May 20, the average price of reference crude oil varieties was $105.09 per barrel, and it is estimated that domestic gasoline and diesel retail prices will rise by 110 yuan per ton. Taking 92-octane gasoline as an example, the increase per liter will be around 8 cents. "With one working day remaining before the adjustment window opens, this increase in refined oil product retail price caps is highly probable, with the final magnitude expected to exceed 100 yuan per ton," said Wang Luqing, an analyst at Zocen Information. He estimates that the per-liter increase for 92-octane gasoline and 0# diesel will be around 9 cents, and filling a 50-liter tank of 92-octane gasoline will cost about 4.5 yuan more. Liu Bingjuan, an analyst at Longzhong Information on refined oil products, also predicted that at 24:00 on May 21, domestic refined oil products will be adjusted upward by about 90 yuan per ton. For a 70-liter fuel tank, a private car owner will spend about 5 yuan more to fill up the tank. (Jin Shi)