SunSirs: The First Increase in China Refined Oil Prices in 2026
January 20 2026 15:09:20 SunSirs (Selena)
The domestic refined oil price adjustment window will open at 24:00 on January 20th, and the retail price of refined oil is about to increase. In 2026, the retail price of refined oil will achieve one rise, zero fall, and one suspension. During this cycle, the crude oil market first fell and then rose, and the rate of change of crude oil is expanding. This round of refined oil retail price will see its first increase in 2026.
The article points out that the retail price of refined oil is about to rise, and due to the impact of the crude oil market falling first and then rising, and the positive rate of change expanding, the spot price of gasoline is expected to significantly increase. This is a significant positive for the gasoline spot market, as prices are expected to strengthen in the short term due to demand side support and cost push.
Affected by the increase in retail prices of refined oil, the spot price of diesel will rise accordingly. The rebound and expansion of the rate of change in crude oil prices indicate an increase in supply costs, and the demand for diesel is increasing driven by end consumption, which is favorable for the spot market. Prices are expected to continue to rise.
The crude oil market first falls and then rises during the cycle, with a positive rate of change expanding, indicating an upward trend in spot prices. This reflects the improvement of supply and demand fundamentals or the promotion of geopolitical factors, and the crude oil spot market will benefit from price support, with significant positive factors.
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