After the "two consecutive rises", domestic oil prices were lowered at 24:00 on August 14, ushering in the fifth oil price reduction this year.
Recently, according to the National Development and Reform Commission, a new round of refined oil price adjustment window will open at 24:00 today (August 14). The details of this oil price adjustment are as follows: gasoline was reduced by 230 yuan per ton, and diesel was reduced by 220 yuan per ton. On a national average, the number 92 gasoline was reduced by 0.18 yuan per litre; the number 95 gasoline was reduced by 0.19 yuan per litre; and the number 0 diesel was reduced by 0.19 yuan per litre. According to the estimate of the 50L capacity of the general household car fuel tank, if you fill up a tank of No. 92 gasoline, it will cost 9 yuan less. Previously, on July 17 and July 31, domestic oil prices had ushered in "two consecutive rises", and No. 92 gasoline was raised by 0.24 yuan and 0.54 yuan per litre respectively. In 2026, the retail price adjustment window of domestic refined oil products has opened 16 rounds of price adjustment windows, of which 10 rounds of upward adjustment window, 5 rounds of downward adjustment window, and 1 round of price adjustment window was stranded. A total of 14 rounds of oil price changes occurred, and No. 92 gasoline increased by RMB 0.07/L, RMB 0.16/L, RMB 0.14/L, RMB 0.55/L, RMB 0.87/L, RMB 0.33/L, RMB 0.25/L, RMB 0.06/L, RMB 0.24/L and RMB 0.54/L respectively, and decreased by RMB 0.44/L, RMB 0.41/L, RMB 0.40/L, RMB 0.75/L and RMB 0.18/L. During the price adjustment cycle, international oil prices generally showed a trend of first suppression and then upward movement, and the average price of the current cycle was lower than that of the previous round. First, the international uncertainty increased, driving oil prices to fall and then rise. In early August, the risk premium in the crude oil market subsided significantly, and the price of Brent crude oil futures fell from $90/barrel to around $79/barrel in two trading days; since then, market fears have risen again, and oil price shocks have risen back to near $87/barrel. Second, major shipping routes for crude oil continue to be blocked, exacerbating global supply tensions. Shipping in the Strait of Hormuz came to a near standstill, with the number of vessels transiting the strait near a three-month low on August 12. At the same time, safety risks in the Red Sea and the Mandalay Strait continue to spread, pushing up regional crude oil production and transportation risks. In addition, the US Strategic Petroleum Reserve continued to fall, and agencies such as the US Energy Information Administration (EIA) raised oil price forecasts, which also disturbed the trend of international oil prices. According to the Price Monitoring Center of the National Development and Reform Commission, there is great uncertainty in the current geopolitical situation. The resumption of negotiations in the Strait of Hormuz has been repeatedly sawed, and it is necessary to continue to focus on the impact of the situation in the United States and Iran on international oil prices. (Compiled by Qin Chao, Automobile House).