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Oil prices plummeted! Guangdong No.95 gasoline returns to the "5 yuan era"
According to the rule of "adjustment every 10 working day", domestic refined oil prices will be adjusted for the fifth time in 2020 at 24: 00 tonight (March 17).

Just ten thousand cars just learned from Guangdong Development and Reform Commission? Tonight, the oil price will be greatly reduced!

From 24: 00 on March 17, the domestic gasoline and diesel prices will be reduced by 10 15 yuan and 975 yuan respectively, equivalent to 0.76 yuan/liter -0.88 yuan/liter. After the downward adjustment, No.92 and No.95 gasoline will also return to the "5 yuan era".

Take Guangdong as an example. Starting from 24: 00 tonight, the prices of major refined oil products are adjusted as follows:

With a capacity of 50L, it will cost about 40 yuan less to fill up a tank of oil tomorrow!

Since the beginning of this year, international oil prices have been in a downward channel.

On March 6th, the new round of OPEC+negotiations broke down, Russia refused to cut production, and Saudi Arabia launched a "price war" to offer unprecedented discounts to all its crude oil buyers. On that day, the international oil price plummeted by 30% to about $30/barrel, pushing the international crude oil market into the "darkest moment" since the 19 1 Gulf War.

The data shows that from March 9 to the week of 15, the crude oil futures prices in new york, London and Shanghai all fell by more than 20% in a single week, which became a week of sharp decline in history.

In the past 10 working days, the international oil price has fallen sharply, and the average level has fallen below the lower limit of $40/barrel. According to the current price adjustment mechanism, the domestic refined oil price will be greatly reduced to the corresponding level of 40 US dollars from 24: 00 today, and the part below 40 US dollars will not be lowered.

According to the current price adjustment mechanism, the adjusted oil price at 24 o'clock tonight will be the "floor price" at this stage.

How to operate domestic oil price regulation?

The Measures for the Administration of Petroleum Price promulgated on 20 16 stipulates that the maximum retail price of domestic gasoline and diesel oil shall be adjusted every 10 working day according to the change of international crude oil price. At the same time, the upper and lower limits of the refined oil price mechanism are set, with the upper limit of $0/30 per barrel and the lower limit of $40. That is, when the crude oil price in the international market linked to the domestic refined oil price is higher than $0/30 per barrel, the highest retail price of gasoline and diesel oil is not mentioned or raised less; Under $40, the maximum retail price will not be lowered.

This article comes from car home, the author of the car manufacturer, and does not represent car home's position.