久久亚洲国产成人影院-久久亚洲国产的中文-久久亚洲国产高清-久久亚洲国产精品-亚洲图片偷拍自拍-亚洲图色视频

  Home>News Center>China
       
 

Ex-factory prices of gasoline, diesel raised
By Xie Ye (China Daily)
Updated: 2004-06-08 23:49

China National Petroleum Corp (CNPC), the nation's largest oil company, has raised ex-factory prices for gasoline and diesel to bail refineries from losses.

Analysts said it is less likely the government will pass the raise on ex-factory prices, different from retail or wholesale prices, down to consumers by hiking retail and wholesales prices in the short-term, although the ex-factory price hike would add pressure for such a move.

The CNPC has raised the ex-factory prices for both gasoline and diesel by 60 yuan (US$7.3) a ton since June 1, said a company sales manager.

"It is to encourage the production of the refineries to meet the market demands," said the sales manager on condition of anonymity.

The government has urged China's refineries to run at full capacity to meet soaring demand.

The manager said refineries are losing money because the ex-factory prices of oil products lags behind crude oil prices which have hit a decade-high.

The Beijing Times reported Monday that a sales branch of Sinopec -- the nation's second largest oil company -- has also raised the ex-factory prices for gasoline by 100 yuan (US$12.1) a ton.

The sales branch also raised the diesel rates by a smaller margin, the report said.

Sinopec officials, however, denied they have adjusted prices recently.

Insiders, however, said Sinopec's refineries are suffering "serious losses" under the current price level.

The refinery-heavy Sinopec purchases about 70 per cent of the crude it processes from imports, rival CNPC and from the smaller China National Offshore Oil Corp.

The imported crude oil prices have leveled with, if not exceeded, the ex-factory prices for refined oil products, squeezing the profit margin out of refineries.

"Sinopec's refineries are losing money with prices at this level," said one insider.

Under the current pricing system, the government sets benchmark prices for wholesale and retail according to the international markets, and allows the Sinopec and CNPC to float those prices by 8 per cent.

Based on the benchmark prices, the oil companies then decide their ex-factory prices, leaving enough profit margin for its wholesale business.

Analysts said the increase in the ex-factory prices could push retail and wholesales prices up.

Industrial sources said the two largest oil companies have applied to the National Development and Reform Commission to raise the wholesales prices for diesel and gasoline by 300 yuan (US$36.2) a ton to reflect international prices hikes.

But analysts said the NDRC is unlikely to raise prices immediately because the demand for diesel has picked up during the current farming season.

The government worries further price increases would raise costs for poor farmers.

Earlier in March, benchmark wholesale prices for gasoline went up by 300 yuan (US$36.3) a ton, or 8 per cent. The diesel price went up by 280 yuan (US$33.8) a ton.

Gong Jingshuang, an expert with CNPC's consulting institute, also said the NDPC will not increase retail prices as international prices are dropping due to more output from oil producing countries.

 
  Today's Top News     Top China News
 

Agree to have one child? Get a nice cash reward

 

   
 

Nuke talks in `substantial period'

 

   
 

Ex-factory prices of gasoline, diesel raised

 

   
 

President Hu visits Poland

 

   
 

CAAC approves two private airlines

 

   
 

U.N. endorses Iraq sovereignty transfer

 

   
  Chess clash: computer conquers champion
   
  Nuke talks in `substantial period'
   
  Capital exposes polluters
   
  Olympic flame shines in Beijing
   
  Brits help Shanghai hospitals save money
   
  Agree to have one child? Get a nice cash reward
   
 
  Go to Another Section  
 
 
  Story Tools  
   
  Related Stories  
   
World oil prices soar to record highs
   
Rising prices make waves?
   
China speeds up building west-east oil artery
   
Soaring oil prices drive up airfares
   
New pact to pipe Kazakh oil to China
  News Talk  
  When will china have direct elections?  
Advertisement
         
主站蜘蛛池模板: 91av爱爱| 99视频久久| 欧美一级成人毛片影院 | 亚洲国产成人超福利久久精品 | 在线视频一区二区三区在线播放 | 毛片在线视频 | 男人好大好硬好爽免费视频 | 中国国产一国产一级毛片视频 | 亚洲男人的天堂久久精品 | 亚洲天堂视频在线观看免费 | 精品午夜寂寞影院在线观看 | 国产精品日产三级在线观看 | 一级特级aaa毛片 | 久色成人| 2022国产精品手机在线观看 | 国产高清一区 | 在线观看视频中文字幕 | 成年人免费观看视频网站 | 欧美性久久久久 | 黄色成人在线 | 午夜影院啪啪 | 亚洲成人在线免费视频 | 欧美一级黄色毛片 | 国产日韩欧美综合在线 | 中文在线免费视频 | 欧美另类亚洲一区二区 | 国产精品成人一区二区不卡 | 免费va国产高清不卡大片 | 精品国产杨幂在线观看福利 | 欧美成人 综合网播九公社 欧美成人26uuu欧美毛片 | 成人网18免费看 | 亚洲精品影院一区二区 | 久久久精品一区 | 国产二区三区毛片 | 亚洲一区免费在线观看 | 亚洲www.| 国产下药迷倒白嫩丰满美女j8 | 三级精品 | 香港经典毛片a免费观看 | 手机看片免费基地 | 亚洲精品国产高清不卡在线 |