Related News
China Sees 2.3% Reduction In Refined Oil Output In December
CHINA refined 27.27 million tons of oil in December, down 2.3 percent from a year ago, as demand shrank and product inventories piled up, the top economic planner said in a Website statement on Wednesday.
In November, China processed 29.79 million tons of oil, up 7 percent year on year. Inventories at PetroChina and Sinopec, the two major oil refiners, hit record highs this month, the National Development and Reform Commission said. It didn't give details.
This month, the two companies cut pump prices nationwide, driving fuel prices below the national reference prices issued by the NDRC on December 18, which were 0.91 yuan (13 US cents) per liter of gas and 1.08 yuan per liter of diesel.
PetroChina further lowered pump prices for gas and diesel by 0.3 yuan and 0.5 yuan, respectively, on December 25. Sinopec planned a second round of price cuts in Shanghai on Thursday.
Both companies said their cuts were intended to boost sales around the lunar new year, usually a slow time for refined product sales.
In November, China processed 29.79 million tons of oil, up 7 percent year on year. Inventories at PetroChina and Sinopec, the two major oil refiners, hit record highs this month, the National Development and Reform Commission said. It didn't give details.
This month, the two companies cut pump prices nationwide, driving fuel prices below the national reference prices issued by the NDRC on December 18, which were 0.91 yuan (13 US cents) per liter of gas and 1.08 yuan per liter of diesel.
PetroChina further lowered pump prices for gas and diesel by 0.3 yuan and 0.5 yuan, respectively, on December 25. Sinopec planned a second round of price cuts in Shanghai on Thursday.
Both companies said their cuts were intended to boost sales around the lunar new year, usually a slow time for refined product sales.
- About Us
- |
- Terms of Use
- |
-
RSS
- |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔$粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.