Easing Middle East tensions and an imminent peace agreement have driven crude sharply lower, deepening its negative adjustment. Zhuochuang Info calculates the oil adjustment rate at -10.72% at the close on June 16 (ninth working day), implying a roughly 475 yuan/ton cut to gasoline and diesel. With one trading day before the pricing window, a large retail fuel price reduction at 24:00 on June 18 is likely and the final cut could exceed 500 yuan/ton. If implemented, this would be the first consec

Easing Middle East tensions and an imminent peace agreement have driven crude sharply lower, deepening its negative adjustment. Zhuochuang Info calculates the oil adjustment rate at -10.72% at the close on June 16 (ninth working day), implying a roughly 475 yuan/ton cut to gasoline and diesel. With one trading day before the pricing window, a large retail fuel price reduction at 24:00 on June 18 is likely and the final cut could exceed 500 yuan/ton. If implemented, this would be the first consecutive retail price decline in China this year.