CNPC Urgently Adjusts 40,000 Tons of Oil into Sichuan for Supply and Demand

By coordinating resources in various ways to ensure supply in Sichuan, the tight supply of diesel oil is expected to ease gradually.

In view of the tight supply of refined oil products, especially diesel, on the 25th, the reporter learned from PetroChina Sichuan Sales Company that it has urgently dispatched 40,000 tons of oil from outside the province to the market and coordinated resources to ensure supply in Sichuan Province through various channels. The tension is expected to ease gradually in recent days.

In recent days, there has been a tight supply of diesel fuel at No. 0 gas stations in various major gas stations in Chengdu, and privately-owned gas stations are almost out of stock. Master Wang of the truck driver told reporters that he had long queued up to find a long line where he had to refuel. “The two days that bothered me were not business or business, but they were added to diesel.”

Zhao Youshan, the head of China Merchants Petroleum Corporation, said recently that private gas stations and wholesalers in some provinces in China have experienced difficulty in getting diesel into the market. A few days ago, Chongzhou Pingan gas station chief Zhai Changming told Chengdu Daily News that “the same as last year, these days have basically not been able to get into diesel.” Previously it had been oil in Yanan, Shaanxi refinery, but apparently recently a little nervous.

On October 9th, the National Development and Reform Commission announced that the limit price of gasoline and diesel will be reduced by RMB 300/ton, approximately RMB 0.22 and RMB 0.26 per liter respectively. After the official oil price is lowered, the maximum wholesale price limit for diesel No. 0 in Chengdu is 8,120 yuan per ton, and the maximum retail price limit is 8,420 yuan per ton. On October 20th, Chengdu Commercial Daily reporter learned that the mainstream wholesale price of diesel in Chengdu had topped the retail limit of 8,420 yuan per ton, and there was a “patch and price” situation.

According to industry analysts, this time PetroChina first transferred 40,000 tons of oil from outside the province, which will ease the tight supply of diesel oil to some extent.

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