Gasoline (20230731): The main wholesale price is stable, and the ex-factory price of local refiners is lowered

Gasoline: the main wholesale price is stable, and the ex-factory price of geotechnical refinery is reduced.

International crude oil closed

 

Date	Market	Specifications	Close (US dollars / barrel)	Rise and fall
20230728	America	WTI	80.58	0.49
20230728	The United Kingdom	Brent	84.99	0.75

 

Gasoline price index

On July 31, China's gasoline price index rose 5.27, or 0.06%, to 9108.75, while China's gasoline price index rose 6.20, or 0.07%, to 9441.70. The 9-month gasoline index and the 9-month gasoline index both rose, and the price difference between the 9-month gasoline index and the 9-month gasoline index was 332.95.

 

Gasoline market analysis:

Today, the wholesale price of gasoline in various regions of China has fluctuated in many regions, and the high-end price in North China has been raised slightly by 50 yuan per ton. The ex-factory price of georefining was mainly reduced, and gasoline prices in Shandong, North China, Central China, East China and Northwest China were reduced by a range of 50-160 yuan per ton, while gasoline prices in Northeast China were temporarily stable. At present, the turnover in China's gasoline market is moderate, the monthly performance of refineries is completed, and the inventory pressure is OK. Prices rose to a relatively high level, mainly in the middle and lower reaches. Therefore, the refinery adjusts the quotation according to the market demand.

 

Main wholesale price of gasoline on July 31 (RMB / ton)
Area	Gasoline model	Price 7.28	Price 7.31	Rise and fall
North China region	92#	8800-9400	8800-9400	0/0
	95#	9050-9750	9050-9750	0/0
South China	92#	9000-9200	9000-9200	0/0
	95#	9250-9500	9250-9500	0/0
Central China	92#	8950-9100	8950-9150	0/50
	95#	9100-9300	9100-9350	0/50
East China region	92#	8850-9300	8850-9300	0/0
	95#	9100-9650	9100-9650	0/0
Northwestern region	92#	8850-9890	8850-9890	0/0
	95#	9050-10640	9050-10640	0/0
Southwest China	92#	9100-9400	9100-9400	0/0
	95#	9320-9830	9320-9830	0/0
Northeast China	92#	8800-9700	8800-9700	0/0
	95#	9200-10300	9200-10300	0/0

 

The ex-factory price of gasoline refining on July 31 (RMB / ton)
Area	Gasoline model	Price 7.28	Price 7.31	Rise and fall
Shandong area	92#	8450-8860	8400-8810	-50/-50
	95#	8600-9010	8500-8990	-100/-20
North China region	92#	8700-8920	8700-8770	0/-150
	95#	8850-8970	8820-8850	-30/-120
Central China	92#	8960-8960	8800-8800	-160/-160
	95#	9160-9160	9000-9000	-160/-160
East China region	92#	8580-8760	8490-8670	-90/-90
	95#	8730-8910	8640-8820	-90/-90
Northwestern region	92#	8800-8850	8700-8850	-100/0
	95#	8950-9050	8850-9050	-100/0
Northeast China	92#	8950-8950	8950-8950	0/0
	95#	9150-9150	9150-9150	0/0

 

Future forecast

From the international crude oil point of view, Saudi Arabia may further extend the additional production cuts last week, the supply side of the tight situation continues, superimposed part of the economic data of the United States has improved, international oil prices have risen, but opened slightly lower today, not good support for the market. At present, the market consumes more pre-inventory, and the purchase frequency has slowed down, superimposed on the severe weather of continuous torrential rains and storms in many places in China today, restraining the speed of refinery shipment, and logistics and transportation are also affected. On the whole, it is expected that China's gasoline market will fluctuate within a narrow range in the short term.

 

 

Maximum retail price list of gasoline and diesel in provinces, autonomous regions, cities and central cities

Since 24:00 on July 26th, the price of gasoline and diesel in China will be increased by 275yuan and 260yuan per ton respectively. After the adjustment, the maximum retail prices of gasoline and diesel in all provinces (autonomous regions and municipalities) and central cities are shown in the attached table. The date of the price adjustment will be 24:00 on July 26, 2023, the third working day in China since the price adjustment was announced by the National Development and Reform Commission.

 

Schedule

Maximum retail price of gasoline and diesel in provinces, autonomous regions, cities and central cities

Unit: yuan / ton

	I. areas with one province and one price
	Gasoline (standard)	Diesel oil (standard)
Beijing	9820	8780
Tianjin	9785	8745
Hebei Province	9785	8745
Shanxi province	9855	8800
Liaoning province	9785	8745
Jilin Province	9785	8745
Heilongjiang province	9785	8745
Shanghai	9800	8750
Jiangsu Province	9840	8785
Zhejiang Province	9840	8800
Anhui province	9835	8795
Fujian Province	9860	8810
Jiangxi province	9840	8805
Shandong province	9795	8755
Hubei province	9810	8770
Hunan Province	9850	8830
Henan province	9805	8765
Hainan province	9930	8880
Chongqing	10000	8955
Guangdong province	9865	8815
Guangxi Zhuang Autonomous region	9930	8880
Ningxia Hui Autonomous region	9790	8745
Gansu province	9770	8765
Xinjiang Uygur Autonomous region	9565	8640
II. Areas with one province and one price will not be implemented for the time being
	Gasoline (standard)	Diesel oil (standard)
Hohhot	9800	8760
Chengdu city	10005	8980
Guiyang city	9965	8905
Kunming City	9995	8935
Xi'an city	9770	8755
Xining City	9750	8790

                                                                

Note: 1. The prices in the table include consumption tax, value-added tax, urban construction tax and additional education fees.

2. The prices of gasoline and diesel oil in the table are in line with the compulsory national standards of VIA and Ⅵ in the sixth stage.

3. The sixth stage standard of gasoline and diesel is gasoline and No. 0 vehicle diesel respectively.

4. The prices of gasoline and diesel oil that meet the quality standards of the sixth stage for the national reserve and the Xinjiang production and Construction Corps are 9055 yuan and 8015 yuan per ton respectively, and other relevant oil price policies shall be implemented in accordance with the provisions of the measures for Oil Price Management.