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SunSirs: China Gasoline and Diesel Prices in Shandong Rose on August 1
August 02 2022 09:50:59SunSirs(Selena)

On August 1, the price of refined gasoline and diesel oil in Shandong rose. The price of domestic 92# gasoline was 8,591 RMB/ ton, and the price of domestic 0 # diesel oil was 7,887.4 RMB/ ton. The price of gasoline and diesel oil in the yard rose, the operation of refinery units fell slightly, the production and marketing rate was good, and the price of refined oil rose. The transaction price of 92# gasoline for national six automobile is 8,500-8,700 RMB/ ton; The transaction price of 95# gasoline for national six automobile is 8,600-8,800 RMB/ ton; The transaction price of 0# diesel oil for national sixth automobile is 7,800-8,000 RMB/ ton, the demand for gasoline is normal, and the travel radius of private cars is increased in the summer, but the epidemic has restrained the demand. The overall demand for gasoline is less than expected, and the increase in gasoline price is not large. Recently, the demand for diesel oil has increased, coupled with the reduction in supply, and the price trend of gasoline and diesel oil in the venue has increased.

The settlement price of the main contract of WTI crude oil futures in the United States was $98.62 / barrel, up $2.20 or 2.3%; The settlement price of the main contract of Brent crude oil futures was $103.97 / barrel, up $2.14 or 2.1%. With the upcoming ministerial meeting of the organization of Petroleum Exporting Countries and its allies (OPEC+), market attention has generally shifted to doubts about opec+'s ability to increase production. The prospect of oil supply tightening is expected to boost oil prices. Affected by the support of crude oil prices, it is expected that the price of refined oil in China will rise in the later period.

 

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