On March 14, Jiang Jiemin, chairman of China National Petroleum Corporation, said in an interview with the media that it is time to raise the maximum retail price of domestic refined oil products. Market analysts expect the retail price of refined oil to increase, or on Thursday or this Friday, the adjustment rate is expected to be around 500 yuan / ton.
According to Zhongyu Information Monitoring, on the 14th, the change rate of crude oil in the three places reached 9.91%; monitoring data showed that on the 14th, the change rate of crude oil in the three places had reached as high as 10%. The change rate of crude oil in the three places on the 14th was 10.33%.
Oil analysts said that in order to avoid excessive loss of refining companies, they must promptly increase the retail prices of domestic refined oil, the current round of retail prices of gasoline and diesel fuel has been inevitable.
Analysts expect that the retail price of refined oil will increase. On Thursday or this Friday, the price increase of the country will still follow the previous methods and will once again reduce the increase in refined oil products. The adjustment rate is expected to be around 500 yuan/ton.
It is estimated that the continuous average price of crude oil in the three places is 10.33% higher than that on February 7 or about 11 US dollars/barrel. This time, the price adjustment rate follows the crude oil completely, and the price increase theory based on the pricing formula is around 600 yuan/ton. However, since the last domestic retail price of gasoline and diesel was increased by RMB 300/ton on February 8, the theoretical range is estimated to be more than RMB 100/ton. It is possible that this time will take into consideration the factors accumulated last time, and the final retail sales increase. Or set at around 500 yuan/ton.
It was learned that the refined oil market has entered the pre-adjustment habit: the situation of holding goods pending, stopping batches, controlling sales, stopping sales, and pushing prices began to be performed around the country.
Analysts from the PetroChina Research Institute of Economics and Technology said that as PetroChina Sinopec's spring maintenance continues to affect diesel output, domestic diesel will be destocked during March-April and will also pave the way for late-stage diesel price increases.
Regarding the reform of the refined oil pricing mechanism, Jiang Jiemin said that although government officials have indicated that they need to reform China's refined oil pricing mechanism, reforms will not be carried out until the next price adjustment.
According to Zhongyu Information Monitoring, on the 14th, the change rate of crude oil in the three places reached 9.91%; monitoring data showed that on the 14th, the change rate of crude oil in the three places had reached as high as 10%. The change rate of crude oil in the three places on the 14th was 10.33%.
Oil analysts said that in order to avoid excessive loss of refining companies, they must promptly increase the retail prices of domestic refined oil, the current round of retail prices of gasoline and diesel fuel has been inevitable.
Analysts expect that the retail price of refined oil will increase. On Thursday or this Friday, the price increase of the country will still follow the previous methods and will once again reduce the increase in refined oil products. The adjustment rate is expected to be around 500 yuan/ton.
It is estimated that the continuous average price of crude oil in the three places is 10.33% higher than that on February 7 or about 11 US dollars/barrel. This time, the price adjustment rate follows the crude oil completely, and the price increase theory based on the pricing formula is around 600 yuan/ton. However, since the last domestic retail price of gasoline and diesel was increased by RMB 300/ton on February 8, the theoretical range is estimated to be more than RMB 100/ton. It is possible that this time will take into consideration the factors accumulated last time, and the final retail sales increase. Or set at around 500 yuan/ton.
It was learned that the refined oil market has entered the pre-adjustment habit: the situation of holding goods pending, stopping batches, controlling sales, stopping sales, and pushing prices began to be performed around the country.
Analysts from the PetroChina Research Institute of Economics and Technology said that as PetroChina Sinopec's spring maintenance continues to affect diesel output, domestic diesel will be destocked during March-April and will also pave the way for late-stage diesel price increases.
Regarding the reform of the refined oil pricing mechanism, Jiang Jiemin said that although government officials have indicated that they need to reform China's refined oil pricing mechanism, reforms will not be carried out until the next price adjustment.
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