One year toss the country and the oil shortage

Sinochem New Network News Since the National Development and Reform Commission lowered the maximum retail price of refined oil products on October 9th, many consumers have not yet had time to enjoy the sweetness of the drop in oil prices. The dilemma of “difficulty in refuelling” has already been faced. In Hunan, Sichuan, Anhui, Jiangsu, Liaoning, Yunnan, and other places, the phenomenon of restricting the purchase of diesel oil or no oil can be added.

According to media reports, in Changsha, Hunan, on the 24th of this month, many gas stations posted "no oil" notices. Many truck drivers have waited in line from 4 a.m. and have not yet added oil. In the Sinopec gas station at Puzhu North Road, Pukou District, Nanjing, Jiangsu, a variety of heavy goods vehicles, minivans and CMB vehicles lined up in long lines. Some of the buses on the line have been queued up for too long, and the departure interval has increased from 5 minutes to more than 30 minutes, which has seriously affected people's travel. In Chengdu, Sichuan, because most private gas stations stopped selling diesel, a large number of vehicles went to petrol stations of Sinopec and PetroChina. This directly led to a long queue before these gas stations. The longest team reached 2 kilometers, and some gas stations were also not allowed. No limited supply. Due to the shortage of oil, the gas stations in the Third Ring Road in Kunming City did not stop selling diesel, which was a price increase. Even in Anhui Province, due to the oil shortage in the service area, the condition of the “**” expressway of the trucks has been observed.

The arrival of the oil shortage has caused the price of oil in some areas to rise up viciously. According to Feng Yingying, an analyst at Zhuo Chuang Information Technology, in the southwestern region, the two major oil companies basically stopped wholesale sales of diesel to the outside world and only supplied a very small number of key customers. Privately-owned units have low diesel inventories and prices have risen more. The mainstream transaction price is at 8,600 yuan/ton. In some regions, the black market price can reach 8,950 to 9,150 yuan per ton, and the main supply is to end users. The oil shortage also caused some middlemen to maliciously raise the price of oil. On the black market, the wholesale price of diesel hit a record high price of RMB 10,000 per ton. As a result, the retail price of diesel in some social gas stations was once as high as RMB 8/liter, which was far higher than the maximum retail price limit of diesel.

Zhao Youshan, chairman of the China Petroleum Business Circulation Committee, said that at present there are 44,005 private gas stations in the country, of which over 10,000 gas stations are facing problems of broken fuel supply. In the wholesale market, it is difficult for these gas stations to buy diesel fuel at the wholesale price limit stipulated by the state, and only diesel fuel sold at the highest retail price limit or even higher prices can be purchased.