Impact Of International Crude Oil Price Fluctuation On Domestic Product Oil Price

In March of this year, international crude oil prices fell like a roller coaster. Especially after OPEC did not reach a production cut plan earlier, international crude oil prices shook sharply and international crude oil prices fell sharply. On March 9th, the price of Brent crude oil plummeted directly to around US $ 35.8, with a drop of more than 9% per barrel. Crude oil prices fluctuated slightly between 30 and 35 US dollars this week.

The large fluctuations in international crude oil prices have much impact on the prices of domestic refined oil products? According to the recent observation of the price of No. 92 gasoline, it basically remains at around RMB 5.5, and the price fluctuations in various parts of China are not large. The follow-up price trend will be further tracked and observed.