Domestic Oil Prices Set to Decline

Deep News
Oct 12

Domestic oil prices are expected to decrease as the first oil price adjustment of October approaches in just one day. Although September saw two consecutive suspended adjustments that prevented oil prices from continuing their downward trend before the National Day holiday, October's oil price trajectory has shifted from upward to downward, signaling a return to declining prices.

The upcoming oil price adjustment is scheduled for 24:00 on October 13 (Monday evening). During this round's 10-working-day statistical cycle, after 9 working days of data collection and amid recent significant drops in international oil prices, the current crude oil change rate has reached -1.37%. This indicates an expected oil price reduction of 75 yuan per ton, which translates to a decrease of 0.06 to 0.07 yuan per liter at the pump.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10