Chuangchuang Information: Retail Fuel Price Cap May Rise at 24:00 Tomorrow

In the current pricing cycle, international oil prices rose sharply on concerns over control of the Strait of Hormuz between the United States and Iran. According to Jin10, the average crude oil price for the cycle increased from the previous period, turning the domestic benchmark crude oil change rate from negative to positive and creating expectations for an increase in refined fuel retail prices. According to Jin10, Chuangchuang Information estimated that as of the close on July 15, the reference crude oil change rate for the ninth working day was 5.58%, and gasoline and diesel prices are expected to rise by 245 yuan per metric ton. The price adjustment window is at 24:00 on July 17, and the report said a retail fuel price-cap increase is now highly likely. Based on this adjustment, the price of 92-octane gasoline and No. 0 diesel is expected to rise by about 20 fen per liter, and filling a 50-liter tank of 92-octane gasoline is expected to cost about 10 yuan more.