Domestic refined oil prices see their fifth reduction this year, with an estimated decrease of about 0.15 yuan per liter.

(1) The new round of domestic refined oil price adjustment window will open at 24:00 on August 14. According to comprehensive institutional forecasts, oil prices will usher in the fifth reduction of the year. (2) According to analysts, as of August 12, the reference average crude oil price during this cycle was $82.14 per barrel, down 4.90% from the previous cycle, corresponding to a reduction of about 210 yuan per ton. (3) This equates to a price drop of about 0.15 yuan per liter. For a 70-liter tank, private car owners will spend about 11 yuan less to fill up a tank.