The last two days, is treated as a domestic fuel price adjustment is necessary if three crude oil price Ultra-4% has officially met on 22nd change, but many people in the industry are worried that, in the context of current CPI rose, inflation pressure, this price fall through may, and two group profit may also be affected.
1-price rate of change in the three places of 4% more
Measurement of oil and gas network according to the East, to November 6 as the baseline today, oil price changes throughout the day before yesterday are the three places up to 4%.
However, this adjustment will come as scheduled is dubious. In fact, the middle of last month have projections will be hiked by the end of March, but this prediction has been in vain.
Previously, PetroChina President Jiang jiemin said in an interview with this newspaper, "on the end price is just anecdotal tales, I personally think that price is less likely, it is because the February CPI y/y increase in China 2.7%, and CPI adjustment of national targets is within 3%. Therefore, price may not be a good time at this time. When introduced, depends on the Government decision. ”
"Markets 2 quarter CPI is expected to exceed 3%, which is the target of annual CPI controls within the 3%, as a national minority to control the effects of CPI fuel prices, its adjustment there is a degree of uncertainty. "Qiu Xiaofeng, China Merchants securities analyst said.
Oil expert Zhong Jian, choice should be the best time of the increase in oil prices in the international oil prices also rise in the way ", environmental policy and public opinion are the best match. From this angle, observation of relevant departments of the State may be in a few days the international trend of oil prices before making a final decision. "
2-oil refining earnings would be flat or slightly defective
"After entering April, due to the settlement of domestic crude oil prices over the last months more than 200 Yuan, expect the premise of adjusting losses may not be still to meet refinery, considering the current CPI inflation control line near 3%, amplitude modulation can control $ 300 or less. "Zhong Jian said.
He said, if the price of $ 300, the corresponding domestic gasoline and diesel retail prices of $ 8,210, 7,470, equivalent to up $ 0.22 per cent/litre. After the price adjustment, domestic oil product prices correspond to the nodes of international crude oil reference price is approximately $ 72, with reference to the international oil prices about $ 77 dollar difference compared to the 5, equivalent to domestic finished oil prices still little tune about 350-400 Yuan.
Zhong Jian said, although the April settlement of domestic crude oil prices over the last months more than 200 Yuan, but if this is not price, oil refining earnings would be flat or slightly red.
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