Oil Price Adjustment Scheduled: Timeline Confirmed

Deep News
09/22

With only one day remaining until the oil price adjustment window closes at 24:00 on September 23rd, the current pricing cycle has reached 80% completion.

Current international oil prices are trading roughly in line with the cycle's crude oil average. Should international oil prices continue their downward trajectory, the cycle's price decline could expand, potentially creating an opportunity for domestic oil price reductions. Conversely, if international oil prices rise, the domestic price decline will narrow further.

However, considering the impact of the previous cycle's suspended adjustment, which resulted in a 40 yuan per ton increase, the probability of an oil price rise in this round remains high. This adjustment could mark the seventh price increase of the year.

The market continues to monitor international crude oil movements closely as the adjustment window approaches, with traders and consumers alike awaiting the final determination on domestic fuel pricing.

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