Refined oil: Retail price cap may experience the first "two consecutive declines" of the year

Golden Ten Data Futures, June 17 – This week, the situation in the Middle East took a dramatic turn, with a peace agreement about to be reached. As a result, crude oil prices experienced volatility followed by a broad decline, with the rate of change moving deeper into negative territory. According to calculations by Zhuochuang Information, as of the close on June 16, the crude oil rate of change on the ninth working day was -10.72%, and gasoline and diesel prices are expected to be reduced by 475 yuan/ton. With only one working day left until the pricing window closes, there is a high probability that retail prices for refined oil products will experience a significant reduction at 24:00 on June 18, with the final reduction possibly exceeding 500 yuan/ton. This will mark the first “two consecutive declines” of the year, and as the Dragon Boat Festival holiday approaches, consumers' fuel costs will be further reduced.