China Cuts Refined Oil Prices; 50-Liter Tank Costs About RMB 9 Less
China has lowered refined oil product prices in the latest scheduled adjustment, reducing the cost of filling a standard 50-liter gasoline tank by about RMB 9. The revised prices take effect from 24:00 on August 14, following a series of adjustments this year that track international market movements. The cut will ease travel costs for motorists.
The oil price adjustment window opened as scheduled, and domestic refined oil product prices were lowered in the latest round. After the adjustment, filling a standard 50-liter tank of gasoline will cost motorists about RMB 9 less. The revised prices take effect from 24:00 on August 14.
The move is the latest in a series of oil price adjustments this year. Domestic prices have been revised multiple times in response to changes in international markets, and the latest reduction will lower travel costs for drivers.
Why this event matters
The event has a measured impact on 4 industrys. The strongest current signal is positive for Road Transport, with intensity 50/100 and 80% confidence over a short term horizon.
Road Transport
- Direction
- positive
- Intensity
- 50
- Confidence
- 80%
- Horizon
- Short term
Air Transport
- Direction
- positive
- Intensity
- 50
- Confidence
- 80%
- Horizon
- Short term
Refining & Petrochemicals
- Direction
- mixed
- Intensity
- 40
- Confidence
- 70%
- Horizon
- Short term
Fuel & Gas Distribution
- Direction
- positive
- Intensity
- 30
- Confidence
- 60%
- Horizon
- Short term
Impact figures are analytical estimates that combine direction, intensity, confidence and event importance. They are not investment advice.