On August 14th at 24:00, the window for adjusting refined oil product prices is set to reopen. At the start of this pricing cycle, the anticipated reduction was estimated at 0.09 yuan per liter. However, following three consecutive trading days of widening declines, the adjustment has now entered a significant downward range.

Based on the latest calculations, it is projected that gasoline prices will decrease by 380 yuan per ton, while diesel prices will drop by 365 yuan per ton. In terms of retail prices, 92-octane gasoline is expected to fall by 0.30 yuan per liter, 95-octane gasoline by 0.32 yuan per liter, and 0-grade diesel by 0.31 yuan per liter.

This substantial price cut is driven by a continued slump in international crude oil, with both major crude oil benchmarks plunging more than 5% overnight. Specifically, WTI crude oil dropped sharply by 5.69%, and Brent crude oil fell by 5.26%. Domestically, Shanghai SC crude oil also declined by 4.93%, reflecting a synchronized downturn in both domestic and international oil prices, which has persistently lowered the domestic adjustment data.

However, it is important to note that if international crude oil prices rebound quickly, the current projected reduction could narrow. Whether the final adjustment will be implemented and the exact amount of the cut will be determined by the official announcement from the National Development and Reform Commission.