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Refined product retail prices likely to be cut on Nov 30

Beijing (JLC), November 29, 2018--Refined product retail prices are likely to be cut by about CNY1,385/mt ($199.42/mt) within November, chiefly due to crude price drop and soft demand.

11-29-2018 10:59:15

Refined oil retail prices to see the fifth consecutive rise

With international crude prices ranging bound at high levels, the refined oil retail prices in this pricing cycle are expected to see the fifth consecutive rise, and gasoline and diesel retail prices will rise further as expected in the short run.

05-21-2018 11:40:30

Refined oil retail prices drop on VAT cut

The VAT for refined oil will be cut to 16% from 17% as of May 1st, 2018. Accordingly, China will lower its gasoline and diesel retail ceiling prices by CNY75/mt and CNY65/mt respectively starting from May 1st, 2018.

05-02-2018 14:39:42

Refined oil retail prices to be lifted on March 28th

China’s top economic planner is expected to raise its fuel retail prices by CNY170-180/mt on March 28th, JLC estimated.

03-27-2018 18:21:15

Oil product retail prices likely to nudge downwards in December

On December 28th, the last adjustment time in the year, oil product retail prices are may be trimmed as weakness in international crude oil prices are seen to persist.

12-11-2017 15:22:19

Refined product retail prices would obtain the largest increases in 2017

International crude oil price rose noticeably recently as Saudi Arabia and Russia declared their supports for extending output cut deal and Saudi surrounding political events provided bullish news for the market.

11-10-2017 18:07:49

JLC: NDRC raised gasoline & diesel retail prices on May 25th as expected

According to JLC monitoring, the National Development and Reform Commission (NDRC) lifted gasoline and diesel retail prices by CNY140/mt and CNY135/mt respectively at 24:00, May 25th, meeting market expectations and coinciding with JLC’s earlier forecast of a CNY150/mt increase.

05-25-2017 10:49:29

Oil products wholesale market seems more insipid amid possible declines in retail prices

International crude oil futures market fluctuated in a narrow range recently amid the concern on the production reduction of oil-producing countries despite the falling dollar this week, and the change rate of crude oil vibrated negatively.

01-25-2017 15:44:14

Retail prices of China oil products may be raised or unchanged in January 2017

The last price adjustment of domestic oil products realized three consecutive rises in 2016, when retail prices of gasoline & diesel were raised ten times and were down-adjusted five times. Gasoline & diesel prices rose by CNY1,015/mt and 975/mt respectively after offset between ups and downs.

01-04-2017 10:19:37

Retail prices to realize the last raise in 2016, wholesale prices to slacken

Recently, international crude futures prices rose and the US crude inventory hiked unexpectedly, coupled with the news from Libya that the main oil fields resumed production intensified anxious mood, international oil prices declined.

12-27-2016 14:08:04

NDRC raised oil products retail prices for the eighth time

The new round of price-regulation window of oil products was opened at 24:00 on November 30th. Many organizations predicted that oil products prices might be raised, which was the eighth raise in 2016.

12-01-2016 10:50:31

Oil products retail prices to see the largest growth this year

The rising international crude oil prices and positive change rate enlarged the oil products retail prices’ up-regulation range.

10-18-2016 09:46:52

Refined oil retail prices may face its biggest rising

Since the oil producers achieved the freezing the production agreement on September 28th, international crude oil started its seventh consecutive rising, but the specific implement details were not been confirmed yet.

10-13-2016 10:44:58

Refined oil retail prices may not be adjusted and gas stations’ profit remained downwards

In this pricing round, the freezing production agreement among oil producers continued to affect the international crude oil market, which drove the crude futures up for four times last week

09-29-2016 15:26:35

Retail prices of refined oil may achieve the smallest decline in this year

Recently, the hyping of freezing production and decreasing crude inventory in America lifted the international crude futures and narrowed the negative change rate sharply.

09-14-2016 16:24:52

The retail prices of refined oil may be down-regulated after Mid-autumn

Recently, international oil prices were fluctuated by the bearish and bullish news. The bearish news such as the soaring inventory of American crude oil in early September and the highest production OPEC in August cut down the oil prices sharply.

09-13-2016 11:04:25

The two-consecutive-drop in retail prices further depressed blended oil market

Since the began of August, macroeconomic environment was more sluggish. The news of international crude oil oversupply caused oil prices in a continuous decline towards $40/bbl. Panic in market increased the bearish expectation in domestic oil market.

08-09-2016 10:42:48

The third cut for oil products retail prices under crude dropping

The bearish news from American well drillings number increasing and crude inventory recovery continued to press down the crude futures. Therefore, China refiners’ profits began to slide, as well as the crude import demand.

08-02-2016 17:38:41

Realized down-adjusted oil products retail prices depressed blended oil market

International crude futures moved in a downward trend since July, followed by domestic blended market prices.

07-25-2016 10:22:49

Down-adjustment of retail prices will press blended oil market down

At the end of month, China domestic blended oil market remained downward trend amid wandering negative news.

10-29-2015 11:13:38

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