Wholesale prices of gasoline and diesel may continue to decline month-on-month

China's gasoline and diesel wholesale prices show that last week (March 28-April 1), the national average wholesale prices of 92# gasoline and diesel (including low pour point) were 9913 yuan / ton and 8785 yuan / ton, respectively, down 334 yuan / ton and 161 yuan / ton from the previous week, and the overall price level of gasoline and diesel fell
month-on-month.

The National Development and Reform Commission said on March 31 that domestic gasoline and diesel prices were raised by 110 yuan
per ton.
Although the retail price of refined oil products was raised again, the wholesale market of refined oil products continued to decline
last week due to the cautious wait-and-see of downstream operators.
At 24 o'clock on April 15, there is an expectation of a downward revision in domestic refined oil prices, which is bearish for the market
.
On the whole, it is expected that the wholesale prices of domestic gasoline and diesel will come under pressure in the next cycle
.