Local fuel stations stocking oil to cope withexpected price hike
Keybenchmarkswingingdomestic
fuelprice wascontinuingtorise
afterpricesofgasolineanddiesel
werecutforthreetimesinarow onJuly 11. Therequirementtoraisefuel priceisreachedfour monthslater.
Analystspredictedthatthegasand diesel pricesaresettoriserecently. Accordingto Business News of China National Radio,crudeoilpricein Brent, Cintaand Dubairoseabout 7 percent by Thursday whendomesticgasanddiesel mightbeincreased350yuanperton, which meanspopular-usedoctane93gas and octane 0 diesel would beraised by 0.3 yuanperlitre. Offcourse,thegasand diesel pricesin Shenyang willriseabove 7 yuan mark with octane 93 gasand octane 0 diesel upto 7.2 yuan and 6.99 yuan.
"We've heard ofsuchrumours but we have noideaaboutthetimetableandsize oftherise,"asource with Sinopec Liaoning Branchtoldthe Commercial Times. The official noticeistraditionallyissuedat the very nighttoadjustfuel price. There arealot ofrumours onthe hike butfuel priceis unchanged,thesourceadded, what they could only dois waiting beforeformal noticeisreleased.
Local wholesale prices of gas and diesel areincreasedamidthestrongexpectation: octane93gassalesarecurbedin Henan andInner Mongolia. Althoughsupplyof thepopular-usedgasisstilladequatein Shenyang, promotionlaunched bylocal gas stationsis weakening.
Compared withthetwo energy giants, privatefuellingstationsarelosingtheir strengthin price.
Industryinsiderssaid manyretailersare waiting
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