中国成品油价年内第七次下调

Core Viewpoint - China has announced its seventh reduction in refined oil prices for the year, effective from August 26, 2025, due to fluctuations in international oil prices [1][2]. Price Adjustments - The price of gasoline and diesel will be reduced by 180 RMB and 175 RMB per ton, respectively [1]. - This translates to a decrease of 0.14 RMB, 0.15 RMB, and 0.15 RMB per liter for 92-octane gasoline, 95-octane gasoline, and 0-octane diesel, respectively [1]. Regional Pricing - Following the adjustment, the price of diesel in most regions of China will range from 6.8 RMB to 7 RMB per liter, while 92-octane gasoline will be priced between 7.2 RMB and 7.3 RMB per liter [1]. Cost Impact - For private car owners, filling a 50-liter tank of 92-octane gasoline will cost 7 RMB less after the price drop [1]. - For a vehicle that travels 2,000 kilometers per month with an average fuel consumption of 8 liters per 100 kilometers, the fuel cost will decrease by approximately 10 RMB before the next price adjustment window on September 9, 2025 [1]. - In the logistics sector, a heavy truck traveling 10,000 kilometers per month with a fuel consumption of 38 liters per 100 kilometers will see a reduction in fuel costs of around 266 RMB before the next adjustment [1]. Market Outlook - Analysts suggest that after recent rebounds, the market will continue to monitor European issues, and there may be expectations for an increase in refined oil prices in the next adjustment period [2]. - The current pricing trend for 2025 shows a pattern of "six increases, seven decreases, and four stasis" in refined oil prices [2]. - Since the beginning of the year, the standard gasoline price has decreased by a total of 405 RMB per ton, while the standard diesel price has dropped by 390 RMB per ton [2].