Domestic oil prices have been lowered since the decline in many provinces and cities due to oil product upgrades has been partially offset
China News Service, December 1st (Energy Channel Song Yafen) In the case of international oil prices fluctuating and falling, domestic refined oil prices ushered in price reductions again, with gasoline reduced by 145 yuan per ton and diesel by 140 yuan per ton. However, as some provinces and cities in my country coincide with the upgrade of oil products, the price reduction benefits obtained will be partially offset.
The "Work Plan for Accelerating the Quality Upgrade of Refined Oil" stipulates that from January 1, 2016, the National V standard will be fully implemented. From the original key cities in the Beijing-Tianjin-Hebei, Yangtze River Delta and Pearl River Delta regions to 11 provinces and cities in the entire eastern region (Beijing, Tianjin, Hebei, Liaoning, Shanghai, Jiangsu, Zhejiang, Fujian, Shandong, Guangdong and Hainan). "High-quality and high-price policy", the price of automobile gasoline and diesel is upgraded to the national fifth automobile and diesel standard by 170 yuan and 160 yuan per ton respectively.
Chinanews Energy Channel learned from Longzhong that at present, some regions such as Hebei and Shandong have carried out the replacement of National V oil products in advance, the quality of oil products has been upgraded, and prices will also rise. Therefore, the price reduction of refined oil products will reduce the cost increase caused by the upgrading of oil products to a certain extent.