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China’s Ministry of Commerce issued a notice that PetroChina and Sinopec should continue to strictly control the export of refined oil, and organize the import of refined oil to effectively increase the supply in the domestic market.
Recently, the National Development and Reform Commission issued a notice and decided to increase the price of gasoline and diesel by 1,000 yuan per ton from June 20 and increase the price of aviation kerosene by 1,500 yuan per ton.
In order to ensure the smooth implementation of price adjustment measures for refined oil products, to effectively manage the market after the rise in refined oil prices, and to maintain the order of the domestic refined oil market, the Ministry of Commerce of the People's Republic of China issued an emergency notice requesting the strengthening of market management after the rise in refined oil prices.
The notice emphasized that it is necessary to actively coordinate the refined oil business enterprises, increase the market resources, and fully guarantee the smooth supply of the domestic refined oil market. Local commercial administrations should coordinate local oil product management companies to do a good job in transportation coordination and resource convergence, increase market resource supply, ensure reasonable inventory levels of refined oil products within the jurisdiction, and guarantee oil use in key areas and key industries, especially In the disaster-stricken areas, post-disaster recovery of production and reconstruction, “three summers†and “Olympic Games†during the oil market resource protection work, go all out to protect the stable supply of the domestic refined oil market, and effectively limit supply, keep files, not out of stock.
PetroChina and Sinopec will continue to strictly control the export of refined products, and organize the import of refined products to effectively increase the domestic market supply.
The notice also emphasized that we must pay close attention to the market dynamics and reactions after the rise in refined oil prices and further strengthen market monitoring and analysis. The competent commercial authorities in various localities must pay close attention to the market reaction and related influences after the rise in refined oil prices, and do a good job in the monitoring and analysis of local retail and wholesale prices and the purchase, sale, inventory, and maintenance of refined oil products. On the basis of continuing to adhere to the weekly and monthly reporting system for the refined oil market, it will focus on monitoring the local market response and resource supply and demand, and timely handle the contradictions and problems in the market supply.
Recently, the National Development and Reform Commission issued a notice and decided to increase the price of gasoline and diesel by 1,000 yuan per ton from June 20 and increase the price of aviation kerosene by 1,500 yuan per ton.
In order to ensure the smooth implementation of price adjustment measures for refined oil products, to effectively manage the market after the rise in refined oil prices, and to maintain the order of the domestic refined oil market, the Ministry of Commerce of the People's Republic of China issued an emergency notice requesting the strengthening of market management after the rise in refined oil prices.
The notice emphasized that it is necessary to actively coordinate the refined oil business enterprises, increase the market resources, and fully guarantee the smooth supply of the domestic refined oil market. Local commercial administrations should coordinate local oil product management companies to do a good job in transportation coordination and resource convergence, increase market resource supply, ensure reasonable inventory levels of refined oil products within the jurisdiction, and guarantee oil use in key areas and key industries, especially In the disaster-stricken areas, post-disaster recovery of production and reconstruction, “three summers†and “Olympic Games†during the oil market resource protection work, go all out to protect the stable supply of the domestic refined oil market, and effectively limit supply, keep files, not out of stock.
PetroChina and Sinopec will continue to strictly control the export of refined products, and organize the import of refined products to effectively increase the domestic market supply.
The notice also emphasized that we must pay close attention to the market dynamics and reactions after the rise in refined oil prices and further strengthen market monitoring and analysis. The competent commercial authorities in various localities must pay close attention to the market reaction and related influences after the rise in refined oil prices, and do a good job in the monitoring and analysis of local retail and wholesale prices and the purchase, sale, inventory, and maintenance of refined oil products. On the basis of continuing to adhere to the weekly and monthly reporting system for the refined oil market, it will focus on monitoring the local market response and resource supply and demand, and timely handle the contradictions and problems in the market supply.