Refined Oil Price Update Fourth Suspension in China This Year

TapTechNews August 22nd news, according to the monitoring of the Price Monitoring Center of the National Development and Reform Commission, during this round of refined oil price adjustment cycle (August 8th - August 21st), international oil prices rose slightly in fluctuations.

According to the current domestic refined oil price mechanism calculation, compared with the previous cycle, the average price of 10 working days in this cycle, the adjustment amount per ton is less than 50 yuan, the price of this gasoline and diesel will not be adjusted, and the unadjusted amount will be accumulated or offset in the next price adjustment.

TapTechNews noticed that this is also the fourth suspension of domestic oil price adjustment this year. After the price adjustment, the refined oil price in 2024 presents seven rises, six falls and four suspensions.

92-octane gasoline Adjustment amount (USD/gallon) Adjusted (USD/gallon) January 3rd ↑0.16 2.08 January 17th ↓0.04 2.04 January 31st ↑0.16 2.06 February 19th - 2.06 March 4th ↑0.17 2.07 March 18th - 2.07 April 1st ↑0.28 2.15 April 16th ↑0.16 2.19 April 29th ↓0.05 2.14 May 15th ↓0.18 2.11 May 29th - 2.11 June 13th ↓0.15 2.06 June 27th ↑0.16 2.08 July 11th ↑0.09 2.09 July 25th ↓0.11 2.07 August 8th ↓0.24 2.03 August 22nd - 2.03 95-octane gasoline Adjustment amount (USD/gallon) Adjusted (USD/gallon) January 3rd ↑0.17 2.18 January 17th ↓0.04 2.14 January 31st ↑0.17 2.17 February 19th - 2.17 March 4th ↑0.18 2.19 March 18th - 2.19 April 1st ↑0.28 2.27 April 16th ↑0.17 2.31 April 29th ↓0.05 2.29 May 15th ↓0.19 2.25 May 29th - 2.25 June 13th ↓0.16 2.22 June 27th ↑0.17 2.24 July 11th ↑0.09 2.25 July 25th ↓0.12 2.22 August 8th ↓0.25 2.17 August 22nd - 2.17
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