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The Price Of Gasoline And Diesel At Home And Abroad Is Now Upside Down &Nbsp.

2011/8/18 17:18:00 43

Gasoline And Diesel Prices At Home And Abroad Are Upside Down.

International crude oil futures closed down 1.4% on Tuesday, at 86.65 U.S. dollars / barrel.

At this point, international oil prices have plummeted over 25 US dollars / barrel in less than 5 months.

However, the price of domestic refined oil is still at a historical high level, which has led to a "hang upside down" of gasoline and diesel prices at home and abroad: the import of one ton of gasoline from abroad to domestic sales has made a theoretical profit of over 1000 yuan.

With the collapse of international crude oil prices, the price of foreign refined oil has rapidly returned to the low level, and domestic refined oil has remained at a historical high because it has not yet touched the price adjustment standard, which has led to a "hang up" of gasoline and diesel prices at home and abroad.

Reporters learned from treasure island yesterday that the space window of import and export of gasoline and diesel theory has been opened and widening. Singapore's 0.05% sulphur diesel price is 123.95 US dollars / barrel. After tariff cancellation, plus consumption tax, freight and other charges (the US dollar to RMB exchange rate is calculated by 6.3925), the diesel duty paid CIF is 8120 yuan / ton, down 413 yuan / ton at the end of last month.

According to the calculation price of 8120 yuan / ton, No. 0

diesel oil

At present, the highest retail price in Guangdong is 8758 yuan / ton, which means that importing a tonne of diesel oil from Singapore can achieve a net profit of 638 yuan.

Affected by the collapse of international crude oil prices, Singapore's gasoline and diesel prices have also dropped sharply, compared with the end of last month, the current price has dropped nearly 5 U.S. dollars, gasoline and diesel duty paid CIF and the end of last month than the decrease of 350~400 yuan / ton.

However, as the NDRC did not cut down the price of domestic refined oil, the price of Southern China's gasoline and diesel market was limited in the last half month.

In terms of Southern China's average price, the current decline is only 20 yuan ~50 yuan / ton compared with the end of last month.

According to specific data, as of August 15th, Singapore's 0.05% sulphur diesel price was quoted at 123.95 US dollars / barrel. After tariff cancellation, plus consumption tax, freight and other charges (the US dollar to RMB exchange rate was calculated by 6.3925), the diesel duty paid CIF was 8120 yuan / ton, down 413 yuan / ton at the end of last month. The average price of diesel in Southern China market is 8330 yuan / ton at this time, compared with Singapore's duty paid CIF, the difference is 211 yuan / ton, and the window widens 364 yuan / ton.

Singapore 95 petrol 121.48 US dollars / barrel, plus 1.01%.

tariff

After consumption tax, freight and other charges (the US dollar to RMB exchange rate is calculated by 6.3925), the CIF value of gasoline is 9446 yuan / ton, and the average price difference between Southern China and gasoline is 152, which is 368 yuan / ton at the end of last month.

Analysis

Gasoline and diesel arbitrage window opens

He Jieying, an oil product analyst at Treasure Island, believes that according to the above data, the import and export of gasoline and diesel theory is open and widened.

"Singapore 95 gasoline is better than domestic gasoline No. 93, which is worse than that of No. 97 gasoline." yesterday, Yao Daming, Minister of oil industry of Guangdong oil and Gas Association, told our reporter, "0.05% sour diesel should be equivalent to 4 of Europe."

Reporters learned yesterday that according to the relevant provisions of the NDRC on the highest selling price of finished oil, the highest retail price of Guangzhou No. 93 gasoline is currently 10436 yuan / ton, while the highest retail price of No. 97 gasoline is 11026 yuan / ton.

Even with reference to the maximum retail price of No. 93 petrol, a ton of petrol 95 is imported from Singapore, plus freight and other charges. The duty paid cashmere price is only 9446 yuan. The theoretical net profit margin is as high as 990 yuan. If the reference is 97 petrol, the theoretical profit of importing one ton of petrol from Singapore is as high as 1580 yuan, while the profit of importing one ton of Singapore 0.05% sulphur diesel is 638 yuan per ton.

This means that the domestic pricing of refined oil has been distorted at home and abroad, which may lead to "upside down" at home and abroad, and may lead to the emergence of some "oil mice" that secretly import gasoline and diesel.

Forecast

Domestic oil prices will not be lowered until the end of the month.

Under the background of the collapse of international crude oil prices, domestic

product oil

The price is still calm, which makes many owners unhappy.

In response, the head of the price department of the national development and Reform Commission said the reason is that "domestic refined oil prices are temporarily not equipped with conditions for reduction".

The NDRC explained that if the price of the international oil market dropped from the high point of about $120 per barrel to the current level, the drop in the international market price was indeed more than 4%. However, from the average moving price of 22 working days, the short-term price drop of the price point will have a limited impact on the average price. The average price of the three crude oil referenced at the current price adjustment is still higher than the price level of the domestic refined oil price adjustment in April 7th, and the domestic oil product price will not be cut down temporarily.

According to the data of treasure island data, the average price of crude oil in August 15th was $107.455 per barrel in August 15th, and the average price of nearly 22 days was 112.487 US dollars per barrel, up 0.35% from the April 5th benchmark price.

If the average daily price of the three crude oil is kept at around us $107, then the change rate of -4% will still be realized by the end of the month.

"By the end of this month, the price of domestic refined oil will probably be lowered."