Gasoline: International oil prices are rising better, and Chinese refinery prices are raised

Gasoline: the rise in international oil prices is good, and the quotations of Chinese refineries have been raised.

International crude oil closed

 

Date	Market	Specifications	Close (US dollars / barrel)	Rise and fall
20230831	America	WTI	83.63	2.00
20230831	The United Kingdom	Brent	86.86	1.00

 

Gasoline price index

On September 1st, China's gasoline price index rose 30.42, or 0.33%, to 9310.89, while China's gasoline price index rose 31.63, or 0.33%, to 9634.26. 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 323.37.

 

Gasoline market analysis:

Today, the wholesale price of gasoline in China has been raised, with increases of 50-100 yuan per ton in North China, South China, East China, Central and Southwest China and Northeast China. Prices are relatively stable in other regions. The ex-factory price of geotechnical refinery is mainly up, among which the price increases of Nine and Ninth gasoline in Shandong, North China, Central China and East China are concentrated at 20-80 yuan per ton. The northwest and northeast regions are temporarily stable. At present, the price of China's gasoline market is rising, and the rising trend of the international oil market is better, coupled with the issuance of the third batch of export quotas of China's refined oil products, the market mentality is relatively good, but the rigid purchasing demand in the middle and lower reaches is mainly, and the speed of refinery shipment is average.

Main wholesale price of gasoline on September 1 (RMB / ton)
Area	Gasoline model	Price 8.31	Price 9.1	Rise and fall
North China region	92#	8950-9710	9000-9710	50/0
	95#	9150-10090	9200-10090	50/0
South China	92#	9100-9530	9170-9550	70/20
	95#	9350-9830	9420-9850	70/20
Central China	92#	9020-9300	9050-9400	30/100
	95#	9200-9600	9200-9650	0/50
East China region	92#	9000-9600	9050-9600	50/0
	95#	9200-9900	9250-9900	50/0
Northwestern region	92#	9000-10134	9000-10134	0/0
	95#	9200-10910	9200-10910	0/0
Southwest China	92#	9150-9470	9150-9520	0/50
	95#	9350-9820	9450-9870	100/50
Northeast China	92#	9045-9800	9045-9800	0/0
	95#	9395-10400	9465-10400	70/0

 

Ex-factory price of gasoline refinery on September 1 (yuan / ton)
Area	Gasoline model	Price 8.31	Price 9.1	Rise and fall
Shandong area	92#	8740-9110	8770-9130	30/20
	95#	8900-9250	8930-9270	30/20
North China region	92#	8780-9030	8840-9110	60/80
	95#	8910-9080	8940-9160	30/80
Central China	92#	9030-9030	9060-9060	30/30
	95#	9230-9230	9260-9260	30/30
East China region	92#	8830-8980	8870-9000	40/20
	95#	8950-9150	8990-9170	40/20
Northwestern region	92#	8950-9000	8950-9000	0/0
	95#	9100-9200	9100-9200	0/0
Northeast China	92#	9050-9050	9050-9050	0/0
	95#	9250-9250	9250-9250	0/0

 

Future forecast

From the international crude oil point of view, Russia, Saudi Arabia and production reduction allies to support the tight supply side of the situation led to the rise in oil prices, but the global economy is still negative. At the beginning of the month, the positive factors of the Chinese market increased, stimulating the gasoline market in many ways, and the performance pressure of the superimposed refineries at the beginning of the month was relatively small, and there was a willingness to raise prices. However, the performance of substantive transactions is still lack, demand is lack of outstanding positive factors to stimulate, curb the rise in oil prices. Overall, it is expected that China's gasoline prices will be mainly stable in the short term, with a slight increase.

 

 

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

Since 24:00 on August 23, 2023, the prices of gasoline and diesel in China (standard products, the same below) have been increased by 55 yuan per ton. 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 August 23, 2023, which will be the seventh 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	9765	8725
Tianjin	9730	8690
Hebei Province	9730	8690
Shanxi province	9800	8745
Liaoning province	9730	8690
Jilin Province	9730	8690
Heilongjiang province	9730	8690
Shanghai	9745	8695
Jiangsu Province	9785	8730
Zhejiang Province	9785	8745
Anhui province	9780	8740
Fujian Province	9805	8755
Jiangxi province	9785	8750
Shandong province	9740	8700
Hubei province	9755	8715
Hunan Province	9795	8775
Henan province	9750	8710
Hainan province	9875	8825
Chongqing	9945	8900
Guangdong province	9810	8760
Guangxi Zhuang Autonomous region	9875	8825
Ningxia Hui Autonomous region	9735	8690
Gansu province	9715	8710
Xinjiang Uygur Autonomous region	9510	8585
II. Areas with one province and one price will not be implemented for the time being
	Gasoline (standard)	Diesel oil (standard)
Hohhot	9745	8705
Chengdu city	9950	8925
Guiyang city	9910	8850
Kunming City	9940	8880
Xi'an city	9715	8700
Xining City	9695	8735

                                                                

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 9350 yuan and 8300 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.