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SunSirs:The Price Trend of Gasoline and Diesel in China Shandong Refinery Declined on September 2
September 05 2022 10:58:08SunSirs(Selena)

On September 2, the price trend of gasoline and diesel in Shandong local refining fell. The price of 92# gasoline in China was 9,346.6 RMB/ ton, and the price of 0 # diesel in China was 8,690.4 RMB/ ton. The price trend of gasoline and diesel in the field fell. The start-up of refinery units fell slightly, and the production and sales rate fell significantly. In addition, the price of crude oil fell, and the price of domestic refined oil fell. The transaction price of 92# gasoline for National VI Standard is 9,300-9,500 RMB/ ton; The transaction price of 95# gasoline for National VI Standard is 9,400-9,600 RMB/ ton; The transaction price of 0# diesel used for vehicles of national six vehicles is 8,600-8,800 RMB/ ton, the demand for gasoline has weakened, the epidemic spread in some areas has restrained the demand, and the reduction of travel after the summer vacation has reduced the price of gasoline. With the end of the fishing moratorium and the increase in the construction of infrastructure projects, the price of diesel in the early stage has increased greatly, and the price of diesel in the near future has risen and fallen.

The settlement price of the main contract of WTI crude oil futures in the United States was US $86.61/ barrel, down US $2.94 or 3.3%; The settlement price of the main contract of Brent crude oil futures was US $92.36 /barrel, down US $3.28 or 3.4%. China's economic data in August showed poor performance, and repeated lockdowns caused by the epidemic weakened demand; In addition, the market is more worried about the impact of high inflation and interest rate hikes on the economy, which may depress fuel demand in the future and put pressure on oil prices. It is expected that the price of refined oil may decline slightly in China in the later period.

 

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