中国成品油价年内第十次下调

Core Viewpoint - China has announced its tenth reduction in refined oil prices for the year, effective from November 24, 2023, due to fluctuations in international oil prices [1][2]. Group 1: Price Adjustments - The National Development and Reform Commission of China reported that gasoline and diesel prices will be reduced by 70 yuan and 65 yuan per ton, respectively [1]. - This translates to a decrease of 0.05 yuan per liter for 92-octane gasoline, 0.06 yuan for 95-octane gasoline, and 0.06 yuan for 0-octane diesel [1]. - Following this adjustment, the price of 92-octane gasoline in regions with a "one province, one price" policy will enter the "6 yuan era" [1]. Group 2: Consumer Impact - Analysts estimate that consumers will see a reduction in fuel costs, with a small private car's fuel cost decreasing by approximately 2.5 yuan for a full tank of gasoline [1]. - For a small private car that drives 2,000 kilometers a month with a fuel consumption of 8 liters per 100 kilometers, the cost will decrease by about 4 yuan before the next price adjustment window on December 8 [1]. - In the logistics sector, a heavy truck that runs 10,000 kilometers a month with a fuel consumption of 38 liters per 100 kilometers will experience a reduction of around 106 yuan in fuel costs before the next adjustment [1]. Group 3: Market Trends - During the current pricing cycle, international crude oil prices initially rose due to expectations of the U.S. government ending its shutdown and ongoing geopolitical instability, but later fell due to new developments in Russia-Ukraine negotiations and concerns over the Federal Reserve's potential pause in interest rate cuts [2]. - Looking ahead, analysts predict that the oil market may face downward pressure due to international trade disputes and expectations of industry oversupply [2].