Hohhot Announces Upcoming Fuel Price Adjustment

Deep News
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Attention! The next fuel price adjustment is scheduled for 24:00 on June 4th. This round's statistical cycle spans 10 working days. Influenced by the recent significant drop in international oil prices, the current international crude oil change rate has reached -4.22%, with an expected price reduction of 180 yuan per ton. Based on the current decline range, gasoline and diesel prices are projected to decrease by 0.14 to 0.16 yuan per liter.

On May 24th, local time, crude oil prices hit a two-week low. As of 22:34 GMT, Brent crude futures fell by $4.71, a drop of 4.55%, to $98.83 per barrel. Meanwhile, U.S. West Texas Intermediate (WTI) crude dropped by $4.57, a decline of 4.73%, to $92.03 per barrel. Earlier during the trading session, both crude oil contracts reached their lowest levels since May 7th.

Analysis suggests that market optimism stems from the belief that the United States and Iran are increasingly close to reaching a peace agreement, despite remaining differences on key issues.

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