May 15, 2009

Of oil goods proceeded to impel up the wholesale cost of petrol and diesel trades will boost

International crude oil costs are still 50 U.S. dollars grade the fresh frightens, in the household costs of enhanced oil wholesale market is much greater than the rate of advance in global crude oil costs advance, east, south China Eastern deals of enhanced oil yield have been set in space. Industry said that if the circumstances carried on to May the number of in the household fuel and diesel deals will be notably increased. Nevertheless, still survive on the in the household store to configuration a high insist region.

General Administration of Customs released April 10 showed that the imported goods express, in March of China’s refined oil imports 3.2 million tons, accumulated in March before the 8.96 million tons of imports. From October last year, China has been converted to a net exporter of diesel. This indicates that the domestic supply of refined oil has reduced the pressure.

With nearly a month between the two major oil companies pushed up the wholesale price for domestic oil products, including the Pearl River Delta No. 0 diesel oil has pushed up 900 yuan / ton, the wholesale price has risen to 5,000 yuan / ton. This has resulted in the existence of domestic refined oil profit margins. Among them, check with the Chinese is similar to automotive diesel, Singapore 0.05% sulfur diesel average price of 61.76 U.S. dollars a week / barrel basis, to consider freight, 1% of customs duties, consumption tax, value-added tax of 17 percent after the oil imported into Singapore, the cost of the South China 4963 yuan / ton, in theory, the South China diesel imports earnings of 37 yuan / ton, and a half months ago was also a loss of 280 / ton.

A dealer in east China advised reporters that the prevailing National Development and Reform Commission of No. 0 diesel oil charge ceiling is 5350 yuan / ton, while the East China territory, the wholesale charge of No. 0 diesel oil has got higher to 5200 yuan / ton, and even the alive of scarcity location, force the charge of the approach has been noticeable through the size reflects the effect.

However, sales of household oil goods is still weak. Sinopec interior causes, can not this year’s sales contrasted with last year at this time last year in Shanghai, Sinopec accomplished sales of round 430,000 tons, but is anticipated in April, only about 320,000 tons of diesel sales somewhat expanded, but there is no basic improvement.

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