Due to Density Change Jilin Province 93 Gasoline Price Adjustment


Due to Density Change Jilin Province 93 Gasoline Price Adjustment


On October 9, the country lowered the price of domestic refined oil. After more than a month, the price of refined oil in our province has changed due to the change in density. The price of 93 gasoline has risen by 0.12 yuan per liter.

The adjusted price is the maximum price

According to the Circular on Issuing the Jilin Province's First Cycle Uppayment of Oil Prices in 2012 (hereinafter referred to as the “Notice”) issued by the Jilin Provincial Price Bureau, the impact of changes in temperature on the density of refined oil products should be maintained for the sake of fairness. In accordance with the Interim Measures for Conversion of Gasoline Filling Prices at Jilin Province in the interests of operators, it was decided to adjust the price of refined oil products of various types in the province from 0:00 am on December 1, 2011.

It is understood that compared with September 2011, the density of No. 93 gasoline in our province rose from 0.7366 kg/cubic meter to 0.7468 kg/cubic meter, and the retail price rose from 7.1 yuan/liter to 7.22 yuan/liter, with an increase of 0.12 yuan per liter. The density of No. 97 gasoline rose from 0.7414 kg/m3 to 0.7540 kg/m3, the price rose from 7.7 yuan per liter to 7.88 yuan, up 0.18 yuan per liter; the density of No.0 diesel rose from 0.8406 kg/m3 0.8528 kg/m3, the price rose from 6.9 yuan per liter to 6.98 yuan, up 0.08 yuan per liter; -10 diesel fuel density rose from 0.8406 kg/m3 to 0.8485 kg/m3, the price adjusted by 7.29 yuan per liter To 7.36 yuan, a rise of 0.07 yuan per liter; -35 diesel fuel density rose from 0.8363 kg / cubic meter to 0.8450 kg / cubic meter, the price from 7.87 yuan per liter to 7.95 yuan, up 0.08 yuan per liter.

The adjusted price is the maximum price, and each gas station can float downward within the specified range.

Private gas stations are 0.1 yuan cheaper per liter than CNPC

Since the state lowered the price of refined oil products on October 9th, oil shortages occurred in some areas, and the two major oil giants declared that they were “major losses”. However, the news from the market feedback is that some private gas stations continue to launch a "price war."

On the 30th, the reporter learned from some private gas stations in Changchun City that after adjusting the prices of refined oil due to changes in density, private enterprises had a certain amount of breathing space, so the intensity of giving back to customers would increase.

The relevant person in charge of a refined oil chain gas station in Jilin Province told the reporter that after the price adjustment, the price of gasoline at all of their substations was RMB 0.1 cheaper per liter than CNPC. The price of diesel varies according to the model and the incentives are different. Among them, -20 diesel is preferential for 0.05 yuan per liter, and -35 diesel is priced at 0.1 yuan per liter.

"The advantages are not the same because different models have different profits." According to them, compared to -20 diesel, -35 diesel has a relatively high profit.

For this time, the increase in refined oil prices brings profitability to enterprises, he said that for inventories, raising the price of refined oil is equivalent to accumulating some profits for the company. Conversely, if the price of refined oil is cut, it means that the company Lost.

Trouble opening at the end of the oil price adjustment window

Since October 9th, after the price of refined oil was lowered by the country, due to the continuous rise of international oil prices, the forecast date for the opening of the next national refined oil time window will continue to change, and the time window for price adjustment will be postponed from December 24 to December.

According to Zhuo Chuang Information Monitoring, on November 21, the change rate of crude oil in the three places reached 3.183%. November 24 will be the starting point for domestic oil prices. However, after the international oil price fell sharply, this window was temporarily closed. "The weak international oil shocks will make it less likely that adjustments will be made at the end of the domestic retail price upgrade of refined oil products." Chen Ching, analyst at Zhuo Chuang Information Oil, said that unless the price of WTI crude oil approaches the one hundred yuan mark again, the price of Brent crude oil is positive. To break through $110/barrel and make a strong turmoil at the top, otherwise, the domestic retail price of refined oil will not be adjusted in December.