Gasoline: The boost in international oil prices is limited, and the gasoline market is down within a narrow range

Gasoline: limited boost in international oil prices, narrow downward adjustment in gasoline market

International crude oil closed

 

Date	Market	Specifications	Close (US dollars / barrel)	Rise and fall
20230926	America	WTI	90.39	0.71
20230926	The United Kingdom	Brent	93.96	0.67

 

Gasoline price index

On September 27th, China's gasoline price index fell 5.27, or 0.06%, to 9509.07, while China's gasoline price index fell 4.64, or 0.05%, to 9836.92. The 9-month gasoline index and the 9-month gasoline index were both downgraded, and the price difference between the 9-month gasoline index and the 9-month gasoline index was 327.86.

 

Gasoline market analysis:

Today, the wholesale prices of gasoline in China have been reduced in some areas, including gasoline prices in Central China, Southwest China and Northeast China by 40-100 yuan per ton. The price zones of gasoline in North China, South China, East China, Northwest China, as well as Nine and Ninth gasoline and Northeast China have been sorted out. The ex-factory prices of georefining have been reduced by a narrow range, with gasoline prices in East China and Northwest China and Shandong by 20-50 yuan per ton, while gasoline prices in other areas have remained relatively stable for the time being. At present, the transaction in China's gasoline market is mediocre, while the middle and lower reaches traders eliminate the stock, there is a rigid demand for procurement, and some refineries still have the pressure of sales task at the end of the month, so the price space of refineries in areas with poor sales is limited, and there is a profit-making operation in the transaction.

The wholesale price of gasoline on September 27th (RMB / ton)
Area	Gasoline model	Price 9.26	Price 9.27	Rise and fall
North China region	92#	9000-10130	9000-10130	0/0
	95#	9200-10510	9200-10510	0/0
South China	92#	9250-9900	9250-9900	0/0
	95#	9500-10200	9500-10200	0/0
Central China	92#	9270-9600	9230-9500	-40/-100
	95#	9420-9800	9380-9700	-40/-100
East China region	92#	9200-9600	9200-9600	0/0
	95#	9400-10000	9400-10000	0/0
Northwestern region	92#	9280-10134	9280-10134	0/0
	95#	9480-10620	9480-10620	0/0
Southwest China	92#	9450-9780	9400-9750	-50/-30
	95#	9700-10230	9650-10180	-50/-50
Northeast China	92#	9300-9900	9250-9900	-50/0
	95#	9600-10400	9600-10400	0/0

 

The ex-factory price of gasoline refinery on September 27 (RMB / ton)
Area	Gasoline model	Price 9.26	Price 9.27	Rise and fall
Shandong area	92#	8740-9100	8740-9100	0/0
	95#	8880-9250	8860-9250	-20/0
North China region	92#	8840-9000	8840-9000	0/0
	95#	8940-9050	8940-9050	0/0
Central China	92#	9210-9210	9210-9210	0/0
	95#	9410-9410	9410-9410	0/0
East China region	92#	8890-9000	8860-9000	-30/0
	95#	9010-9170	8980-9170	-30/0
Northwestern region	92#	9050-9250	9000-9250	-50/0
	95#	9200-9450	9150-9450	-50/0
Northeast China	92#	9300-9300	9300-9300	0/0
	95#	9500-9500	9500-9500	0/0

 

Future forecast

From the perspective of international crude oil, there is a game between positive and negative factors on the supply side. At present, although the US dollar has strengthened, the supply side has tightened and good support continues. In addition, EIA inventory data will be released soon. In the Chinese market, there has been a marked decrease in the number of operators entering the market near the holiday, the market trading is light, and the prices of refineries are often lowered. Taking a comprehensive view of the rational correction of China's gasoline market, it is expected that the price of China's gasoline market will be mainly stable in the short term, with a slight decline.

 

 

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

Since 24:00 on September 20, 2023, the prices of gasoline and diesel in China (the same below) will be increased by 385 yuan and 370 yuan 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 next price adjustment is expected to be October 10th.

 

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	10500	9435
Tianjin	10465	9400
Hebei Province	10465	9400
Shanxi province	10535	9455
Liaoning province	10465	9400
Jilin Province	10465	9400
Heilongjiang province	10465	9400
Shanghai	10480	9405
Jiangsu Province	10520	9440
Zhejiang Province	10520	9455
Anhui province	10515	9450
Fujian Province	10540	9465
Jiangxi province	10520	9460
Shandong province	10475	9410
Hubei province	10490	9425
Hunan Province	10530	9485
Henan province	10485	9420
Hainan province	10610	9535
Chongqing	10680	9610
Guangdong province	10545	9470
Guangxi Zhuang Autonomous region	10610	9535
Ningxia Hui Autonomous region	10470	9400
Gansu province	10450	9420
Xinjiang Uygur Autonomous region	10245	9295
II. Areas with one province and one price will not be implemented for the time being
	Gasoline (standard)	Diesel oil (standard)
Hohhot	10480	9415
Chengdu city	10685	9635
Guiyang city	10645	9560
Kunming City	10675	9590
Xi'an city	10450	9410
Xining City	10430	9445

                                                                

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 9735 yuan and 8670 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.