Oil price drop lower than expected market expectation drops 500 yuan/ton

per litre drop at 0.2 yuan or so ordinary car owners high oil price pressure still does not reduce the national Development and Reform Commission issued a notice yesterday: since June 1 0 o'clock, will be the price of gasoline and diesel respectively reduced by 230 yuan and 220 domestic onshore natural gas factory base price per cubic metre increase of 0.23 yuan. Wen/journalist Xu Haishing oil prices fell and natural gas rose. The National Development and Reform Commission yesterday afternoon bursts two of resources price adjustment notice, of which the petrol decline in 230 yuan/ton, equivalent to 0.17 yuan/liter, diesel reduction of 220 yuan/ton, about 0.19 yuan/liter.　　This reporter interviewed yesterday Sinopec Guangdong Company senior people learned that Sinopec will be in the early morning all prices, and then will continue to promote, "but the extent will be narrowed", is expected to be around 0.1 yuan/liter. Market expectations drop 500 yuan/ton the national Development and Reform Commission yesterday afternoon announced that from the beginning of this morning, the price of refined oil prices fell across the line, petrol decreased by 230 yuan/ton, diesel reduction of 220 yuan/ton, the country's maximum retail price of diesel oil after the adjustment of 7990 yuan/ton and 7260 yuan/ton, respectively, down 2.8% and 2.94%.　　The fall in oil prices was the backdrop of a one-month decline in international oil prices from 85 to $74. Although the price move quickly, but the oil market people generally believe that the price is more conservative, less than expected.　　Guangdong Oil and gas chamber of Oil Department Minister Yao Daming told reporters, as early as last week, the mainstream international oil prices have fallen more than 4% of the red line, oil prices already have the conditions for price reduction.　　China's famous oil information institutions and Energy analysis said that the market was generally expected to adjust prices in 400~500 yuan/ton, and the retail price reduction of less than 3%.　　According to the National Development and Reform Commission issued the "Oil price management measures (trial)" provisions, when the international market for 22 consecutive business days moving average price changes more than 4%, the corresponding adjustment of domestic oil prices. Oil price still in the rising range this reporter inquires, the last price adjustment was on April 14, the same day the domestic gasoline and diesel retail prices were up 320 yuan/ton, the decline of 220 yuan/ton, counted up or continue to remain in the "rising" range, the oil price is higher than before "expensive" 100 yuan/ton.　　For ordinary owners, the pressure on high oil prices remains. International oil price oversold rebound according to Xinhua news agency last week, New York crude oil trend first and then Yang. To Beijing time Friday 16 o'clock Bozhong crude oil closed at 4742 yuan/ton; Nymex crude oil quote 74.8 USD/barrel, basically regained last week's decline.　　Analysts believe the crude rebound was largely the first two weeks of larger declines, with a rally demand. According to the latest data released by the Organization of the Petroleum Exporting Countries, the OPEC market oversees the average price of crude oil, which fell for the fourth consecutive week and dropped to $68.95 a barrel.　　This is the lowest level of OPEC crude oil week average since nearly 35 weeks. Ex-factory price of gas per cubic metre increase of 0.23 yuan residents gas prices rose a few suspense national development and Reform Commission yesterday issued daysHowever, the price of ex-factory price notice will improve the domestic onshore natural gas factory benchmark prices, the abolition of the "dual track".　　Each oil and gas field factory benchmark price per thousand cubic meters to increase 230 yuan, and expand the price fluctuation range, instead of floating up to 10%, the float is not limited, that is, the supply and demand can not exceed the factory base price of 10% under the premise of consultations to determine the specific price.　　NDRC related officials said that if the city's gas sales price per side corresponding increase of 0.23 yuan calculation, affecting the urban residents per month of incremental 4.6 yuan.　　The tone of "price increase" has been set by the reporter contacted oil and gas experts understand that the ex-factory price of natural gas is for "natural gas prices comprehensive adjustment" preheating, the NDRC has set the "price" of the keynote, the price increases inevitable. According to the National Development and Reform Commission, the domestic natural gas price is low the contradiction is increasingly prominent.　　In order to rationalize the relationship between the price of natural gas and other alternative energy, and guide the reasonable allocation of natural gas resources, it is decided to improve the price of domestic natural gas. The air price of the hearing reporter in the notice to see, the most interesting thing is that the sales price of the ordinary residents and the industrial and commercial gas will rise with the price of the factory, in which the residents will fulfill the hearing procedure, but the NDRC stressed, "from tight control of the price increase of sales prices",　　In particular, urban gas companies have high returns to the city, to reduce the price increase. In addition, to rationalize the relationship between vehicle gas and gasoline parity.　　In accordance with the highest retail price of No. 90th gasoline is not less than 0.75:1 of the price relationship, straighten out the gas prices of vehicles, to maintain the reasonable parity of gas. Guangzhou gas price increase should be lower than the national oil and gas experts told reporters, the NDRC said, residents with gas in accordance with the "from the tight principle" that is, the price range will not be too high, may consider the way forward, will not one-step. Some cities such as Guangzhou, due to the low cost of gas prices, the increase should be lower than the national. It is reported that Guangzhou has seven into the public to use natural gas, the current price of natural gas 3.45 yuan/cubic meters, Guangdong, the head of the Operation Network to accept this reporter interviewed that the Guangdong region, the cost of natural gas is lower, the price of space should not be too big.　　The reporter learned from the petrochemical industry, because Guangdong early introduction of natural gas abroad, then the price is very cheap, and can remain unchanged for many years, so the gas prices in Guangdong has been kept at a low level. Companies affect the oil giant profits nondestructive oil analysts said that most of the oil market players have been prepared for the price adjustment early, that the adjustment on the domestic wholesale market prices or impact is very little. Some operators believe that the country now cut the highest retail prices of diesel, the market will be a sweeping wait-and-see atmosphere, and with international crude oil prices have rebounded to 75 U.S. dollars/barrel near, as well as early market inventory digestion, the wholesale market will usher in a round of replenishment.　　Therefore, the profit space of Sinopec and PetroChina will not be squeezed. However, at the retail stage, the sale of gas stations is expected to continue, yesterday, Guangdong oil Retail "one elder brother" Sinopec Guangdong Company senior told the reporter, Sinopec's current promotional action will not stop because of the price reduction, "will continue to remain", but the strength of the sale will be "narrow", according to the reporter learned that the previous Sinopec oil station price reduction is about 0.2 yuan/liter,　　It is now estimated to be within 0.1 yuan/liter.　　In fact, despite the oil price drop, but the oil giant profits, Yao Daming told reporters, the new pricing mechanism, the National Development and Reform Commission stressed that oil prices to be based on the "appropriate profits" of the refinery, the amount of this appropriate profit is not announced. Moreover, the domestic cost of oil production is still a mystery, and nearly half of China's refined oil is domestic, this part of the oil cost is far below the international level, so the overall cost of domestic oil prices can not be fully determined by the international oil price.　　2009 Sinopec refinery profits as high as 23.1 billion yuan, the current lard station promotions frequently, domestic oil prices in the end there is no price reduction space, not to speak of. And benefited from the rise in natural gas prices, PetroChina became the biggest winner, PetroChina annual report showed that last year, PetroChina total sales of 59.6 billion cubic meters of natural gas, an increase of 16.8%, natural gas and pipeline plate to achieve operating profit of 19.05 billion yuan, an increase of 18.6%. The ex-factory price of natural gas increased by 230 yuan, conservative estimate can make PetroChina increase about 10 billion of sales revenue.