China Financial Daily

October 30, 2008

Oil price with CNPC And Sinopec

Filed under: Financial News — Tags: , , , — kinpoo @ 2:53 am -0700

The CNPC station has a sales promotion in Beijing
International oil prices have fallen sharply, and in Beijing several private gas stations beginned price promotions. The reporters learned yesterday that China and oil gas stations in Beijing from this week also began a promotion.

Sinopec net profit fell back neraly 40%, in the third quarter there was 11.7 billion financial subsidy
China’s largest oil refining companies Sinopec (600028.SH; 0386.HK) net profit in the third quarter fell back by 39%, which was confirmed yesterday with the quarter having 11.7 billion yuan of financial subsidy.

Guangzhou private filling stations as the first price reduction and in November the national unity will lower
Guangdong Provincial Economic and Trade Commission said that with imports of oil products from mining and the international oil price dropping, imports of gasoline and diesel prices range reached a thousand dollars per ton; the price in mining of 0 # 93 # gasoline and diesel fuel declined 200-300 Yuan per ton.

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