During this adjustment cycle of gasoline anddiesel retail prices, international crude oil dropped sharply, so it is certainthat China’s retail ceiling prices of gasoline and diesel will be reduced againon this Friday. The Federal Reserve raised the interest rate, and the Americanstock market dropped. In addition, organizations announce weak expectations ofthe global economic growth. WTI and Brent dropped to the lowest point in theperiod beginning in June 2017 and August 2017 respectively. According to SCI, asof December 24, the retail ceiling price of RON 92 gasoline should be reducedby RMB 0.24/liter, and that of 0# diesel should be reduced by RMB 0.26/liter. According to the pricing mechanism, the retail ceiling prices will be adjusted this Friday. No bullish factors are seen in the crude oil market, and it willbe difficult for the crude oil prices to increase a lot in the next severaldays. Therefore, it is predicted that China’s retail ceiling prices of gasolineand diesel will be reduced this Friday, and that will be the last adjustment in2018.
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