When the Beijing area ushered in record-breaking hot weather, many gas stations started to use the oil peaks in summer to set off price surges. The highest price reduction per liter of gasoline at the gas station in the central part of Beijing reached nearly 0.3 yuan, while the price reduction of some private gas stations in the suburbs of Beijing reached 0.4 yuan per liter.
Industry insiders pointed out that the recent international crude oil price is running at a lower price of 72 US dollars per barrel, and the price reduction of domestic refined oil products is gradually increasing. Compared with previous years, China's gasoline production is relatively surplus this summer, so the gas stations have increased sales promotion. In order to increase sales and income when the price of gasoline is relatively high.
The reporter observed that since May, the private gas stations in the suburbs of Beijing have quietly started a price war, and the degree of preferential treatment has been increasing. In June, this round of price cuts and the gas stations of China Petroleum and Sinopec, the previous state-owned gas stations in Beijing, which are not willing to cut prices, have also launched promotional activities.
Yang Jingsheng, a fuel filler at the Xuanwumen gas station of PetroChina, told the reporter that the petrol stations 93 and 97 began to offer a discount of 0.15 yuan per liter to all users from mid-June, and the users holding the CNPC Beiqi refueling IC card are based on this. It also enjoys a discount of 0.13 yuan per liter, which is the highest discount of 0.28 yuan per liter. He said: "Xuanwumen gas station is located in the second ring of Beijing. In this large traffic area, there has been little promotion in the past. Now private gas stations are constantly reducing prices, we have to follow in order to avoid customer loss. drop."
The price reduction at the peak of the oil use is a bit hard to understand. In this regard, industry insiders analyzed that the recent wholesale price of refined oil products has been lower, so that the gas station will still benefit after the promotion. In particular, oil sales companies expect that international crude oil prices will not increase significantly in the future, domestic gasoline and diesel prices will remain stable or slightly lower, and the most recent one month is the best increase in sales. opportunity.
At present, the price of gasoline in No. 97 in Beijing is 7.02 yuan per liter, and the price of gasoline No. 93 is 6.59 yuan per liter. The gas station has started to implement this price since June 1 this year, when the international crude oil comprehensive price was 76.83 US dollars per barrel. Since June, international crude oil prices have fallen back, and prices have continued to fall in the past week. On July 6, the price of light crude oil for August delivery on the New York Mercantile Exchange fell to US$71.98 per barrel.
Zhang Kuiquan, general manager of Jinkaixin Petrochemical Information Co., told reporters that as of July 6, the international crude oil price fluctuated by -3.95% for 22 consecutive working days. According to the provisions of China's "Petroleum Price Management Measures (Trial)", when the average price change rate of crude oil in the international market for 22 consecutive working days exceeds 4%, the domestic refined oil price can be adjusted accordingly. If the international crude oil price is maintained at a price of 71.98 US dollars for a week or so, the conditions for the reduction of domestic refined oil products will already be available.
The report of China Petroleum Economics and Technology Research Institute believes that the publication of a series of bad economic data has increased the uncertainty of the recovery of the world economy, leading to an increase in market concerns about the second bottom of the economy. It is expected that demand for crude oil will be suppressed and prices will fall all the time. . Since May, China has entered the peak season of gasoline consumption. The two major oil companies have moderately reduced their exports to ensure domestic supply, but at present China's gasoline surplus is serious. In July, the China Petroleum Guangxi Qinzhou Refinery, with an annual production capacity of 10 million tons of refining capacity, was put into operation. It is expected that the domestic average daily crude oil processing volume will continue to grow in July.
Insiders pointed out that since the implementation of the "Petroleum Price Management Measures (Trial)", domestic refined oil prices have been adjusted in time according to the rise and fall of international crude oil prices, basically inhibiting speculation in which the market hoards refined oil products in order to profit at high prices. There will be no “oil shortage†in the summer, and there will be sufficient supply of gasoline and diesel. If the international crude oil market continues to be sluggish for some time to come, China's domestic refined oil prices will be lowered.
Industry insiders pointed out that the recent international crude oil price is running at a lower price of 72 US dollars per barrel, and the price reduction of domestic refined oil products is gradually increasing. Compared with previous years, China's gasoline production is relatively surplus this summer, so the gas stations have increased sales promotion. In order to increase sales and income when the price of gasoline is relatively high.
The reporter observed that since May, the private gas stations in the suburbs of Beijing have quietly started a price war, and the degree of preferential treatment has been increasing. In June, this round of price cuts and the gas stations of China Petroleum and Sinopec, the previous state-owned gas stations in Beijing, which are not willing to cut prices, have also launched promotional activities.
Yang Jingsheng, a fuel filler at the Xuanwumen gas station of PetroChina, told the reporter that the petrol stations 93 and 97 began to offer a discount of 0.15 yuan per liter to all users from mid-June, and the users holding the CNPC Beiqi refueling IC card are based on this. It also enjoys a discount of 0.13 yuan per liter, which is the highest discount of 0.28 yuan per liter. He said: "Xuanwumen gas station is located in the second ring of Beijing. In this large traffic area, there has been little promotion in the past. Now private gas stations are constantly reducing prices, we have to follow in order to avoid customer loss. drop."
The price reduction at the peak of the oil use is a bit hard to understand. In this regard, industry insiders analyzed that the recent wholesale price of refined oil products has been lower, so that the gas station will still benefit after the promotion. In particular, oil sales companies expect that international crude oil prices will not increase significantly in the future, domestic gasoline and diesel prices will remain stable or slightly lower, and the most recent one month is the best increase in sales. opportunity.
At present, the price of gasoline in No. 97 in Beijing is 7.02 yuan per liter, and the price of gasoline No. 93 is 6.59 yuan per liter. The gas station has started to implement this price since June 1 this year, when the international crude oil comprehensive price was 76.83 US dollars per barrel. Since June, international crude oil prices have fallen back, and prices have continued to fall in the past week. On July 6, the price of light crude oil for August delivery on the New York Mercantile Exchange fell to US$71.98 per barrel.
Zhang Kuiquan, general manager of Jinkaixin Petrochemical Information Co., told reporters that as of July 6, the international crude oil price fluctuated by -3.95% for 22 consecutive working days. According to the provisions of China's "Petroleum Price Management Measures (Trial)", when the average price change rate of crude oil in the international market for 22 consecutive working days exceeds 4%, the domestic refined oil price can be adjusted accordingly. If the international crude oil price is maintained at a price of 71.98 US dollars for a week or so, the conditions for the reduction of domestic refined oil products will already be available.
The report of China Petroleum Economics and Technology Research Institute believes that the publication of a series of bad economic data has increased the uncertainty of the recovery of the world economy, leading to an increase in market concerns about the second bottom of the economy. It is expected that demand for crude oil will be suppressed and prices will fall all the time. . Since May, China has entered the peak season of gasoline consumption. The two major oil companies have moderately reduced their exports to ensure domestic supply, but at present China's gasoline surplus is serious. In July, the China Petroleum Guangxi Qinzhou Refinery, with an annual production capacity of 10 million tons of refining capacity, was put into operation. It is expected that the domestic average daily crude oil processing volume will continue to grow in July.
Insiders pointed out that since the implementation of the "Petroleum Price Management Measures (Trial)", domestic refined oil prices have been adjusted in time according to the rise and fall of international crude oil prices, basically inhibiting speculation in which the market hoards refined oil products in order to profit at high prices. There will be no “oil shortage†in the summer, and there will be sufficient supply of gasoline and diesel. If the international crude oil market continues to be sluggish for some time to come, China's domestic refined oil prices will be lowered.
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