Gasoline and diesel wholesale prices in some regions have risen

When the domestic retail price of gasoline and diesel has been in motion for almost 5 months, the wholesale price of gasoline and diesel in some regions has begun to take off.

In Maoming, Guangdong, Sinopec and PetroChina yesterday raised the price of diesel 0 at 20 yuan/ton (the same below) and 30 yuan/ton respectively, and closed at 8350 yuan and 8370 yuan. This is another joint price increase after the price increase of 55 yuan and 70 yuan in the previous trading day. The same is true for PetroChina Maoming Co., which has increased its diesel price by 100 yuan in two days, an increase of 1.2%.

In addition to the price increases of the two major oil companies, some local oil companies have recently raised their prices. Yesterday, Shandong Hai Ke Ruilin's gasoline price increase was 20 yuan. Shandong Huaxing also raised its selling price by 50 yuan for its diesel products.

According to the latest statistics provided by Zhongyu Information to the “First Financial Daily”, the price increases in recent days, including the central and local companies, have appeared one after another. For example, Sinopec Nanchang, Sinopec Chengdu, Zhongjie Petrochemical and other companies respectively raised the price of No. 93 gasoline by 60 yuan, 480 yuan and 100 yuan; Sinopec and PetroChina's two branches in Zhengzhou, Sinopec Wuhan, Sinopec Nanchang, Sichuan Xingmao Petrochemical The limited liability company and Sichuan Mianyang Shengqiang Chemical also gradually raise their prices after September 1st, ranging from RMB 20 to RMB 100.

“Some regional price increases are due to the sudden rise in crude oil prices.” Guohai Securities analyst Yu Zhubing told this reporter that the Brent crude oil price was reported at US$112.89 per barrel on September 7 (UK local time). Compared to the previous trading day, it increased by 2.81 US dollars/barrel. This kind of price change has led to the desire of wholesalers of refined oil in some regions to take advantage of the sudden rise in international crude oil prices, and also to draw up the wholesale price of gasoline and diesel. Because once the international crude oil prices have fallen sharply and the country cuts prices of gasoline and diesel, their wholesale prices will obviously have a larger decline. Therefore, as the short-term rise in crude oil prices, it can be pulled up and pulled up to achieve short-term profit.

In fact, during the entire August period, international crude oil prices fell. For example, Brent quoted at US$116.81 per barrel on August 1. However, on August 29, the offer price was US$111.88/barrel, which fell. Nearly 5 US dollars / barrel. A large number of gasoline and diesel wholesalers are concerned that the government will cut gasoline and diesel prices and decided to lower the wholesale prices of gasoline and diesel in late August. We hope that this approach will help companies to ship large quantities of goods.

A gasoline and diesel wholesaler in East China told reporters that the practice of lowering oil prices did not in fact drive sales, and they re-raised prices. “Some wholesalers raised gasoline and diesel prices after September 1, still After reaching the average price in August, there may be some wholesalers continuing to raise the price in the next phase."

An analyst from Zhongyu Information told the reporter that Zhengzhou Branch of Sinopec also increased its No. 0 diesel price by 50 yuan to 8,300 yuan on September 2nd, but its August average price was essentially 8,361 yuan. In addition, in Shangqiu, Sinopec also raised No. 0 diesel oil by 70 yuan (to 8280 yuan) on September 2, but it was still 66 yuan lower than its average price last month.

The government will adjust the retail price of gasoline and diesel with reference to "22 working days, the average price of crude oil in the three places." Once the retail price is lowered, it also means that the wholesale price will decline. Therefore, if you want wholesalers to stop raising prices, you have to expect that crude oil prices will continue to decline in the near future, so that the rate of change in the average price of the three places can reach -4%.

However, according to the information of Shiwang Energy, as of September 6th, the average price change rate of crude oil in the three places has risen from -3.21% on August 31 to -2.96%. It seems that the price reduction standard from the state of -4% is required. As we go further and further away, we hope that the country's desire to lower gasoline and diesel prices by September 10 may be defeated again.

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