Is the oil price about to rebound?
March 31, 2023
TDD-global
15545
Guide
Highlights at a glance
The rise in international oil prices is limited in the short term, yet domestic gasoline and diesel prices have surged due to seven consecutive increases in 2023. The ongoing Russia-Ukraine conflict exacerbates these trends, impacting commodity markets and consumers. Fuel car users in China face significant financial strain as prices continue to rise.
In the short term, the rise of international oil prices is limited, and the likely rate of international crude oil prices fluctuates, which will not affect the rise of domestic gasoline and diesel prices.
In 2023, it will be very painful for Chinese fuel car users. International oil prices have risen sharply, and domestic oil prices have even been raised for seven consecutive times. Consumers have paid a higher price to consume gasoline and diesel.
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