Fuel Price Adjustment Approaching: Key Update Before the Holiday

Deep News
Yesterday

Oil Price Forecast for September 24: Based on the standard pricing mechanism for refined oil products, the next fuel price adjustment will occur at 24:00 on Thursday, September 24. The current statistical cycle for this adjustment began on September 14 and will conclude on September 24, spanning a total of 10 working days.

As of now, the cycle has progressed to its 8th working day, leaving only 2 statistical days before the adjustment window opens, which is just 2 days away. The final magnitude of the price increase still holds some uncertainty.

Today's Price Adjustment Forecast: On September 22, at the 8th statistical day of the cycle, the projected increase for gasoline and diesel has narrowed to 530 yuan per tonne and 510 yuan per tonne, respectively. After conversion, this equates to a rise of 0.42 yuan per liter for 92-octane gasoline, 0.45 yuan per liter for 95-octane gasoline, and 0.44 yuan per liter for 0-diesel. Driven by a sharp drop in international oil prices, the estimated increase for this round has already contracted by 40 yuan per tonne compared to the previous day.

Based on current trends, it is anticipated that the projected increase will likely continue to shrink on the next working day, leaving room for a potential downward revision in the final adjustment amount.

Current National Average Fuel Reference Prices: 92-octane gasoline stands at 8.28 yuan per liter, 95-octane gasoline at 8.84 yuan per liter, and 0-diesel at 7.94 yuan per liter. Please note that these figures are merely institutional projections; the official adjustment amount will be announced by the authorities.

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.

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