Shanghai diesel wholesale price fell again and fell below 6,000 yuan/ton

The wholesale price of gasoline and diesel in Shencheng fell again. The wholesale price of No. 0 diesel per ton has fallen below 6,000 yuan. Yesterday, the Morning Post reporter obtained the latest statistics from Sinopec. Sinopec Shanghai Market No. 0 diesel wholesale price has dropped to 5,750 yuan/ton.

It is understood that the current market price of diesel No. 0 is 7028 yuan/ton, which is more than the wholesale price of Sinopec by nearly 1,300 yuan. The wholesale price of diesel No. 0 decreased more significantly and was already below the market price by about RMB 1,500.

The continuous fall in the wholesale price reversed the phenomenon of the “upside down” of domestic gasoline and diesel. The gas stations in Shanghai once again allowed the sale of barreled diesel. According to Sinopec staff, in the past when the oil price remained high, the wholesale price of gasoline and diesel was once much higher than the retail price. In order to reduce losses, the gas stations had to temporarily refuse customers to go to the gas station to drum up and purchase diesel oil. However, with the disappearance of the "piling upside down" phenomenon, the gas station again opened up the "gateway" for diesel drum sales to customers.

The continuous decline in wholesale prices has also gradually affected the retail prices of gasoline and diesel in Shencheng. Private gas stations such as East Shanghai Gas Station and Sinochem Total have already launched price cuts or preferential promotions, and some private gas stations have reduced their prices. 0.2 yuan per litre. However, the two major gas stations in the city - Sinopec, PetroChina subordinate gas stations but still no price cuts or preferential promotions.

According to industry estimates, with the decline in international oil prices, the retail prices of gasoline and diesel in other cities in China have been lowered. The possibility of the Shanghai region to cut gasoline and diesel retail prices in the near future is very high.

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