· China's oil price ushered in the first eight consecutive declines in history

On November 14, the National Development and Reform Commission issued a notice to reduce the price of gasoline and diesel by 190 yuan and 180 yuan per ton respectively. It is estimated that the retail price of No. 90 gasoline and No. 0 diesel (the national average) will be reduced by 0.14 yuan per liter. 0.15 yuan, the price adjustment execution time is 24 o'clock on November 14.
The price adjustment of refined oil products is determined according to the current formation mechanism of refined oil prices, based on the changes in the average price of crude oil in the international market in the first 10 working days before November 14. Since the beginning of November, affected by factors such as abundant supply in the global oil market and weak demand, oil prices in the international market have fluctuated downwards, and the average price of the first 10 working days has continued to fall.
Some analysts said that the National Development and Reform Commission may adopt macroeconomic regulation and control to narrow the scope of this downward adjustment.
Data show that since the end of June, the international market has ample supply of crude oil, demand in Europe and China is weak, the overall supply of oil is oversupplied, and crude oil prices have fallen sharply. During the current round of oil price adjustment period, international crude oil continued to rise to a low level. Among them, Brent crude oil futures price hit a new low of more than four years since October 2010, while US WTI crude oil futures price also recently hit three years after October 2011. A new low.
Domestic oil prices have been continuously reduced by seven rounds since July 22. During the three-month oil price drop in the past three months, the gasoline price dropped to 1,325 yuan / ton, which was reduced by 1.02 yuan per liter. The diesel fuel fell by 1,275 yuan / ton, which was about 1.09 yuan per liter. As far as the Beijing area is concerned, the price per liter of gasoline No. 92 has dropped from 7.98 yuan in July to 6.92 yuan in current, and the downward adjustment has reached 1.06 yuan/liter.
The adjustment of refined oil prices in 2014:
At 24 o'clock on October 31, the maximum retail price limit for gasoline and diesel was 245,235 yuan / ton. At 24 o'clock on October 17, the maximum retail price limit for gasoline and diesel was reduced by 300,290 yuan / ton. At 24 o'clock on September 29, the highest gasoline and diesel oil was lowered. Retail price limit of 100,95 yuan / ton on September 16 at 24 o'clock, the maximum retail price limit of gasoline and diesel is 140,135 yuan / ton. At 24 o'clock on September 1, the maximum retail price limit of gasoline and diesel is reduced by 105, 100 yuan / ton. At 4:00 on August 18, the maximum retail price limit for gasoline and diesel was 190,185 yuan / ton. At 24 o'clock on July 21, the maximum retail price limit for gasoline and diesel was lowered by 245, 235 yuan / ton. At 24 o'clock on June 23, the highest gasoline and diesel oil was raised. Retail price limit of 165,160 yuan / ton May 23 at 24 o'clock to increase the maximum retail price limit of gasoline and diesel 70 yuan / ton May 9 at 24 o'clock to reduce the maximum retail price limit of gasoline and diesel 50 yuan / ton April 24 At 24 o'clock, the maximum retail price limit for gasoline and diesel is 155,145 yuan / ton. At 24 o'clock on March 26, the maximum retail price limit for gasoline and diesel is lowered by 135, 130 yuan / ton. At 24 o'clock on February 26, the maximum retail price limit for gasoline and diesel is raised. 205, 200 yuan / ton at 24 o'clock on January 24, the maximum retail price limit for gasoline and diesel is 130, 125 yuan / ton. At 24 o'clock on January 10, the maximum retail price limit for gasoline and diesel is reduced by 125, 120 yuan / ton.

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