Domestic Oil Prices Decrease in China for the First Time This Year

Thank you to the TapTechNews community members for the tips on this news. The National Development and Reform Commission announced that the new round of oil price adjustments will open at 24:00 today (May 15). The specific adjustments for this oil price are as follows: gasoline price decreased by 235 yuan per ton, and diesel price decreased by 225 yuan per ton. TapTechNews noted that this is the first 'two consecutive decreases' in domestic oil prices since the beginning of the year.\n\nUsing Beijing as an example, the specific oil price adjustments are as follows: 89-octane gasoline decreased from 7.67 yuan per liter to 7.49 yuan, a decrease of 0.18 yuan; 92-octane gasoline decreased from 8.19 yuan per liter to 8.00 yuan, a decrease of 0.19 yuan; and 95-octane gasoline decreased from 8.72 yuan per liter to 8.52 yuan, a decrease of 0.20 yuan. 0 diesel decreased from 7.91 yuan per liter to 7.72 yuan, a decrease of 0.19 yuan.\n\nNationally, 92-octane gasoline decreased by 0.18 yuan per liter; 95-octane gasoline decreased by 0.19 yuan per liter; and 0 diesel decreased by 0.19 yuan per liter. Based on an estimated 50L capacity of a typical car tank, filling up with a tank of 92-octane gasoline will save 9 yuan (national average).\n\nAfter this adjustment, the domestic oil prices in China have shown a pattern of 'five increases, three decreases, and two stagnations' since the beginning of the year. TapTechNews has provided a table of the adjustments for 92/95-octane gasoline since the beginning of the year, with the price per liter in yuan.\n\n

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