China Financial Daily

July 9, 2009

Shanghai offers post stations to maintain competition in carrying out the wrong

Filed under: Financial News — Tags: — lily @ 12:39 pm -0700

Shanghai offers post stations to maintain competition in carrying out the wrong
Domestic oil prices since last Tuesday after the increase, sales of the 90 largest and 93 of the price of petrol per liter were 5.99 yuan and 5.51 yuan. However, reporters found that gas stations in Shanghai are in the oil price is not high. Individual in the petrochemical, oil filling stations, as well as in a number of private gas stations have a certain degree of preferential pricing.

Press survey found that the majority of Sinopec gas stations are price-adjusted according to National Development and Reform Commission, 90 individual stations and 93 oil dropped 0.05 yuan, some gas stations in the oil also dropped 0.10 yuan. China National Offshore Oil gas station in Shanghai despite the small, but there are also benefits of 0.1 yuan.

Private gas stations a larger range of promotional activities. Zhenning reporter Huajiang junction station to see the biggest sales of the 90 petrol and 93 were listed price 5.26 yuan per liter and 5.74 yuan, to come to refuel the vehicles made a long line, most of them for the taxi, there are many of them are private cars. It is understood that the pricing of private petrol filling stations with the National Development and Reform Commission to maintain the price-cap provisions of the 0.10 yuan / 0.25 Yuan / or the post.

Station, a private oil frankly, some are cheaper at gas stations into the cargo, there are some gas stations around the gas station with the “competitive position”, would not hesitate to cut prices to attract car owners.

Market dynamics

The possibility of further price hikes domestic small

Reporter noted that the international crude oil prices the past few days, obviously, from June 30 at the time of the price adjustment of around 71 per barrel dropped to 62 yuan. Space the securities industry analyst at Sun Chong analysis estimated that the entire international oil prices in July may have been down in the channel.

According to the new oil pricing mechanism, 22 working days for changes in international oil prices more than 4% on oil prices can be adjusted. Chong Sun that during the current round of price because prices caused by fluctuations of 4% is a great potential, after all, the cycle of domestic oil prices are always lower than the prices of some slow, “but at least the prices will not.”

Chong Sun that in this case, the Shanghai market, the retail price of refined oil may be more preferential price war intensified.

Related posts:

  1. Beijing petrol stations to follow the trend of private foreign investment experts say prices could still rise
    Beijing petrol stations to follow the trend of private foreign investment experts say prices could...
  2. Shenzhen prices of private gas stations robbed tourists
    Shenzhen prices of private gas stations robbed touristsWhen the National Development and Reform Commission will...
  3. Part of the mainland stations discount the abolition of higher oil prices expected to rise
    Part of the mainland stations discount the abolition of higher oil prices expected to riseInternational...

Share/Bookmark

No Comments »

No comments yet.

RSS feed for comments on this post. TrackBack URL

Leave a comment

Copyright © 2009 ChinaFinancialDaily.com; Powered by WordPress