Core Points - Domestic gasoline and diesel prices will decrease by 70 yuan and 65 yuan per ton respectively, effective from November 24, 2025 [1] - The price drop translates to a reduction of 0.05 yuan for 92 gasoline, 0.06 yuan for 95 gasoline, and 0.06 yuan for 0 diesel per liter [4] - The cumulative price adjustments in 2023 have resulted in a total decrease of 690 yuan per ton for gasoline and 660 yuan per ton for diesel compared to the beginning of the year [5] Price Impact on Consumers - For a small private car with a monthly mileage of 2,000 kilometers and a fuel consumption of 8 liters per 100 kilometers, the fuel cost will decrease by 4 yuan over the next half month [4] - For a heavy truck with a monthly mileage of 10,000 kilometers and a fuel consumption of 38 liters per 100 kilometers, the fuel cost will decrease by approximately 106 yuan per vehicle before the next price adjustment [4] Market Analysis - The international oil market is expected to face oversupply in the coming years, with the International Energy Agency raising its 2026 oversupply forecast to 4.09 million barrels per day [5] - Geopolitical risk premiums have decreased, contributing to a downward trend in international oil prices [5] - Future negotiations in Eastern Europe may alleviate concerns over oil supply, suggesting a potential for continued price declines in the oil market [5]

即将开启 ↓↓↓ 根据相关数据，参考原油变化率为1.27%，预计汽柴油将下调50元/吨。换算成每升油价，预计下跌幅度在0.04 - 0.05元 之间。从目前的趋势分析，今天周期油价跌幅极有可能进一步扩大至65元/吨。这意味着，今晚油价下调基本已成定 局，车主们即将迎来一次油价的小幅下降。具体以发改委发文为准。 车主注意啦！ 在此提醒广大车友 今晚（11月24日）24时 新一轮成品油调价窗口 油价回顾 今年前10个月，国内油价历经21次调价，整体呈现出先抑后扬的态势。汽柴油累计下调幅度超过700元/吨，折算下来每 升油价下跌近6毛。在这一波下调行情中，全国92号汽油均价将创下近4年来的新低。 进入11月后，油价走势出现反转。11月第一次调价落地，油价上涨约1毛/升，随着本轮油价调整周期的推进，油价即将 迎来再次下跌。 转自：今日油价查询 来源：贵州交通广播 不妨等本轮调价落地后 再按需加油 ...

24日24时，国内成品油新一轮调价窗口将开启。综合多家机构预测，成品油价或年内第十次下跌。卓创 资讯分析师王芦青指出，本计价周期(2025年11月10日24时至2025年11月24日24时)以来，油价在宽幅波 动中承压调整，地缘油价回吐；但是公布的美国原油库存意外去库，且美国单周的汽油需求和馏分油需 求环比也出现增加，表明美国石油基本面短期偏强，支撑油价。因此本周期，原油价格宽幅震荡，对应 的原油变化率在负值范围内低位波动。卓创资讯预计，本轮成品油零售限价压线小幅下调概率较大，折 合升价，汽、柴油下调幅度或在0.05元/升左右。加满一箱50升的92号汽油，预计将节省2.5元左右，消 费者用油成本变化有限。今年以来，国内油价已经历二十二轮调整，分别为"七涨九跌六搁浅"。国内 汽、柴油价格每吨较去年底分别下跌620元/吨和595元/吨。（中新经纬） ...

Core Viewpoint - A new round of domestic fuel price adjustments is expected to take place on November 24, with a confirmed decrease in gasoline and diesel prices. Group 1: Price Adjustment Details - As of November 22, the current oil price cycle is 90% complete, with a price reduction of approximately 50 yuan per ton expected, translating to a decrease of 0.04 to 0.05 yuan per liter [2] - After the adjustment, the average price of 92-octane gasoline is projected to drop to 6.88 yuan per liter, while 95-octane gasoline will decrease to 7.35 yuan per liter [2] Group 2: Historical Price Trends - In the first ten months of the year, domestic oil prices underwent 21 adjustments, with a cumulative decrease exceeding 700 yuan per ton, equating to nearly 0.6 yuan per liter [3] - The average price of 92-octane gasoline reached a low of 6.83 yuan per liter, marking the lowest level in nearly four years [3] - In November, the trend reversed with an initial price increase of about 0.1 yuan per liter, bringing the average price of 92-octane gasoline to 6.93 yuan per liter [3] Group 3: Consumer Advice - Consumers are advised to wait for the upcoming price adjustment before refueling, as it will be more cost-effective [4]

Core Viewpoint - The domestic fuel price adjustment on November 24 is expected to result in a slight decrease in gasoline prices, marking a reversal in the recent upward trend observed in November [1][2] Group 1: Price Adjustments - The upcoming price adjustment will see a decrease of approximately 50 yuan/ton for gasoline and diesel, translating to a drop of about 0.04 to 0.05 yuan per liter [1] - The cumulative reduction in fuel prices this year has exceeded 700 yuan/ton, equating to nearly 0.6 yuan per liter [1] - The average price of 92-octane gasoline reached a low of 6.83 yuan/liter, the lowest in nearly four years [1] Group 2: International Oil Prices - On November 21, international oil prices continued to decline, with WTI crude oil priced at $58.06 per barrel (down 1.59%) and Brent crude at $62.56 per barrel (down 1.29%) [2] - The average price of WTI crude for the current cycle is $59.57 per barrel, while Brent crude averages $63.79 per barrel, reflecting a decrease of nearly $0.15 per barrel from the previous day [2] - The expected price drop for the upcoming cycle is projected to increase by an additional 15 yuan/ton due to the recent decline in international oil prices [2]

Core Viewpoint - The recent adjustment in fuel prices marks the end of a four-month decline, with gasoline prices increasing by 125 yuan and diesel by 120 yuan per ton, leading to a rise of approximately 0.1 to 0.11 yuan per liter at gas stations across various regions [1][3]. Price Adjustments - The latest price adjustment occurred on November 10, with gasoline and diesel prices rising after three consecutive increases in July [1]. - Current prices for 92 gasoline in Beijing are at 6.94 yuan per liter, while in Shandong, it is 6.91 yuan, and 95 gasoline is around 7.4 yuan per liter [1]. Historical Context - Since the beginning of the year, there have been 22 price adjustments, with 9 decreases and 7 increases, resulting in a cumulative decrease of 620 yuan per ton for gasoline and 595 yuan per ton for diesel [3][5]. - The average price of gasoline has dropped by approximately 0.49 to 0.52 yuan per liter, while diesel has decreased by nearly 0.5 yuan per liter [3]. Market Trends - The current oil price cycle, which began on November 11, is expected to see a new adjustment on November 24, with the market currently showing a negative change rate for crude oil [3][5]. - Recent fluctuations in international oil prices have seen WTI crude hovering between 58 to 61 USD per barrel, while Brent crude is between 62.7 to 65.2 USD per barrel [3][5]. Supply and Demand Factors - Concerns over the U.S. economic outlook and a potential decrease in energy demand have contributed to the decline in oil prices, alongside an increase in U.S. crude oil inventories [5]. - The market is also facing worries about oversupply due to OPEC's plans to increase production in December [5].

Core Insights - The current oil price adjustment cycle indicates a decrease of 45 yuan/ton, with an increased expected drop of 5 yuan/ton compared to yesterday, remaining below the adjustment threshold [1] - International oil prices have experienced a significant drop due to geopolitical developments, particularly related to the Russia-Ukraine situation, with expectations of a potential framework agreement by the end of the month [3] - The latest EIA data shows a reduction in U.S. crude oil inventories by 3.426 million barrels, contrasting with an expected decrease of 603,000 barrels, while gasoline inventories increased by 2 million barrels against an expected decrease [3] Oil Price Trends - As of the latest reports, U.S. crude oil is trading at $59.47 per barrel, showing a slight increase of 0.10% after a previous drop of 1.92% [3] - Brent crude oil also saw a decline of 1.74%, closing at $63.66 per barrel [3] - The upcoming U.S. non-farm payroll data and unemployment rate are anticipated to influence further fluctuations in oil prices [3] Regional Fuel Prices - The new fuel price adjustments will take effect on November 24, with specific prices for various fuel types listed for major cities [4][5][6] - For example, in Beijing, the price for 92 octane gasoline is 6.94 yuan/liter, while 95 octane is priced at 7.39 yuan/liter [4] - Prices vary across regions, with notable differences in cities like Shanghai, Guangdong, and Jiangsu [5][6]

Core Viewpoint - Domestic oil prices have experienced significant fluctuations, impacting consumers and the market dynamics [2] Price Overview - In East China, gasoline prices are as follows: 92 gasoline at 6.81 CNY/liter, 95 at 7.24 CNY/liter, and 98 at 9.14 CNY/liter in Shanghai [3] - In North China, Beijing's 92 gasoline is priced at 6.84 CNY/liter, while in Tianjin, it is 6.83 CNY/liter [3] - In Northeast China, prices vary slightly with 92 gasoline at 6.93 CNY/liter in Liaoning and 6.80 CNY/liter in Jilin [4] Recent Price Adjustments - Domestic fuel prices have been raised for the seventh time this year, with gasoline increasing by 125 CNY/ton and diesel by 120 CNY/ton [6] - The latest adjustments translate to an increase of 0.09 CNY/liter for 92 gasoline and 0.11 CNY/liter for 95 gasoline [6] - Year-to-date, gasoline and diesel prices have seen a cumulative decrease of 745 CNY/ton and 715 CNY/ton respectively [6] International Market Influence - International oil prices have recently risen, with WTI reaching 59.75 USD/barrel and Brent at 63.63 USD/barrel [7] - Current prices are 64.170 USD for Brent and 60.330 USD for WTI, reflecting increases of 0.80% and 0.97% respectively [7] - Key factors affecting oil prices include supply-demand dynamics and geopolitical developments [7] Future Outlook - Upcoming diplomatic talks may influence oil price trends towards the end of the year [9] - Overall, a cautious optimism suggests that oil prices may experience a moderate decline in the coming weeks [9]

Core Insights - The current expectation is for a price increase of 45 yuan/ton for oil, with a potential rise of 75 yuan/ton compared to the previous day's forecast, nearing the upper limit for price adjustments [1] - International oil prices have surged significantly due to optimistic market sentiment regarding the end of the U.S. government shutdown and sanctions affecting Russian oil exports, leading to a shift from a decline to an increase in domestic oil prices [3] - Recent market performance shows U.S. crude oil rose by 1.75% to $60.98 per barrel, while Brent crude increased by 1.80% to $65.09 per barrel, indicating volatility in oil prices [3] Market Dynamics - Analysts suggest that the short-term rise in oil prices is primarily driven by market risk premiums rather than fundamental supply-demand adjustments [3] - There are indications that India is reducing its December orders for Russian oil while increasing purchases of U.S. oil, which may tighten supply expectations and elevate oil prices in the short term [3] - Upcoming reports, including the EIA's monthly short-term energy outlook and the API crude oil inventory report, are expected to contribute to ongoing price fluctuations [3] Regional Price Adjustments - The following are the expected prices for various fuel types across different regions in China: - Beijing: 92 gasoline at 6.94, 95 gasoline at 7.39, 98 gasoline at 8.89, 0 diesel at 6.62 [4] - Shanghai: 92 gasoline at 6.91, 95 gasoline at 7.35, 98 gasoline at 9.25, 0 diesel at 6.56 [4] - Guangdong: 92 gasoline at 6.96, 95 gasoline at 7.54, 98 gasoline at 9.54, 0 diesel at 6.59 [4] - The price adjustments are set to take effect on November 24 at 24:00 [1]

Core Viewpoint - Domestic fuel prices in China have increased after two consecutive reductions, with gasoline and diesel prices rising by 125 yuan and 120 yuan per ton respectively, effective from November 10 [3][4]. Price Adjustment Details - The National Development and Reform Commission announced the price increase based on the average price of crude oil over the past ten working days, which was 62.44 USD per barrel, reflecting a change rate of 2.74% [4]. - This marks the 22nd price adjustment in 2025, with a total of seven increases, nine decreases, and six instances of no change throughout the year [4]. Impact on Consumers - The price increase will result in additional costs for consumers, with private car owners expected to pay approximately 5 yuan more for a full tank of 50 liters, and logistics companies facing an increase of about 177 yuan for heavy trucks over a month [5]. International Oil Market Trends - International crude oil prices have shown a weak and fluctuating trend, influenced by OPEC+ decisions to increase production and concerns over supply surplus [6][7]. - The U.S. government shutdown and rising oil inventories have further pressured oil prices, with forecasts suggesting a decline in Brent crude prices to an average of 62 USD per barrel in Q4 2025 and 52 USD in 2026 [7]. Future Price Expectations - Analysts predict a high probability of a price decrease in the next domestic fuel price adjustment due to ongoing supply pressures and weak global demand [8]. - The upcoming pricing cycle may start with a negative change rate, potentially leading to a reduction of around 60 yuan per ton [8][9].