Core Viewpoint - The wholesale prices of gasoline and diesel in China show a trend of "gasoline rising and diesel falling" as of February 13, with average wholesale prices reported at 7443 yuan/ton for gasoline (up 6 yuan/ton) and 6066 yuan/ton for diesel (down 1 yuan/ton) [1] Market Overview - On February 12, international crude oil futures prices experienced a significant decline, leading to a narrowing of the average price change rate for a basket of crude oils, which weakened the positive market sentiment [1] - Some low-inventory operators are moderately replenishing stock, while the overall market atmosphere remains subdued with a loose policy on actual transaction discounts [1] Regional Price Changes - Gasoline wholesale prices increased in regions including Heilongjiang, Jilin, Inner Mongolia, Sichuan, Anhui, Jiangxi, Guangdong, Hainan, Beijing, and Guangxi, while prices decreased in Gansu and Fujian [1] - Diesel wholesale prices rose in Sichuan, Jiangxi, Hainan, Henan, and Guangxi, but fell in Jilin, Gansu, Inner Mongolia, Shandong, and Hubei [1] - In Shandong, both gasoline and diesel prices saw slight declines [1] Data Source - The wholesale price data is published by the Energy Big Data Laboratory of the China Economic Information Agency and the China Petroleum Economic and Technological Research Institute, based on data collection from major operating units and social operating units across the country, excluding refineries [1]

Core Viewpoint - The wholesale prices of gasoline and diesel in China have increased as of January 26, with the average wholesale price of 92 gasoline at 7341 yuan per ton, up by 9 yuan per ton from January 23, and diesel at 6097 yuan per ton, up by 2 yuan per ton from January 23 [1] Market Overview - The increase in wholesale prices is attributed to a rise in international crude oil futures prices and a positive change in the average price of a basket of crude oil, although demand remains limited, leading to a relatively stable purchasing atmosphere [1] Regional Price Changes - Gasoline prices increased in regions including Inner Mongolia, Shaanxi, Shandong, Anhui, Jiangsu, Zhejiang, Jiangxi, Fujian, Beijing, and Hubei, while prices decreased in Gansu, Sichuan, and Chongqing - Diesel prices rose in Gansu, Inner Mongolia, Shaanxi, Shandong, Shanghai, Zhejiang, Beijing, Tianjin, Hebei, and Henan, but fell in Heilongjiang, Sichuan, Chongqing, Anhui, Jiangsu, Guangdong, Shanxi, and Guangxi [1] Data Source - The price data is published by the China Economic Information Agency and the China Petroleum Economic and Technological Research Institute's "Energy Big Data Laboratory," reflecting the overall situation of the gasoline and diesel wholesale market in China [1]

Core Viewpoint - The wholesale prices of gasoline and diesel in China have decreased as of January 21, with average prices for 92 gasoline at 7342 yuan per ton and diesel at 6129 yuan per ton, reflecting a drop of 4 yuan and 15 yuan per ton respectively [1] Market Overview - On January 20, international crude oil futures prices increased, initiating a new round of positive price change for crude oil [1] - Extreme weather conditions across the country have suppressed market transactions, leading businesses to lower prices to stimulate sales [1] Regional Price Changes - Gasoline wholesale prices increased in regions such as Xinjiang, Inner Mongolia, Anhui, Hebei, Shanxi, and Hubei, while prices decreased in Heilongjiang, Jilin, Liaoning, Gansu, Qinghai, Sichuan, Chongqing, Jiangsu, Hainan, and Guangxi [1] - Diesel wholesale prices saw an increase in Xinjiang, but a decrease in Heilongjiang, Inner Mongolia, Henan, Ningxia, Jilin, Liaoning, Gansu, Guangdong, Fujian, and Chongqing [1] - In Shandong, local refinery gasoline prices slightly decreased while diesel prices slightly increased [1] Data Source - The wholesale price data is published by the China Economic Information Agency and the China Petroleum Economic and Technical Research Institute, in collaboration with the Shanghai Petroleum and Natural Gas Trading Center, reflecting the overall situation of China's gasoline and diesel wholesale market [1]

Core Viewpoint - On January 12, 2023, China's wholesale prices for gasoline and diesel both declined, with the average wholesale price for 92 gasoline at 7352 yuan/ton, down 2 yuan/ton from January 9, and diesel (including low pour point) at 6210 yuan/ton, down 19 yuan/ton from January 9 [1] Market Overview - The international crude oil futures prices rose on January 9, leading to a narrowing of the negative change rate for the average price of a basket of crude oil, providing some support to the market. However, market participants maintained a cautious approach, primarily purchasing based on demand, resulting in a subdued trading atmosphere [1] Regional Price Changes - Gasoline wholesale prices increased in Inner Mongolia, Shandong, Zhejiang, Jiangxi, and Henan, while they decreased in Jilin, Gansu, Qinghai, Ningxia, Shaanxi, Chongqing, Anhui, Hainan, Hubei, and Guangxi. Diesel wholesale prices rose in Shaanxi but fell in Shanxi, Sichuan, Chongqing, Anhui, Qinghai, Liaoning, Ningxia, Jiangsu, Guangdong, and Guangxi [1] Data Source - The wholesale prices for gasoline and diesel in China are published by the China Economic Information Agency and the China Petroleum Economic and Technological Research Institute's "Energy Big Data Laboratory," in collaboration with the Shanghai Petroleum and Natural Gas Exchange Center. This data is based on the collection and calculation of wholesale price data from major operating units and social operating units (excluding refineries) across the country, serving as an authoritative reflection of the overall situation in China's gasoline and diesel wholesale market [1]

Core Viewpoint - The wholesale prices of gasoline and diesel in China have decreased as of December 18, with average prices for 92 gasoline at 7484 yuan per ton and diesel at 6494 yuan per ton, reflecting a decline of 6 yuan and 11 yuan per ton respectively [1] Market Overview - On December 17, international crude oil futures prices stopped falling and rose, but the average price change rate of a basket of crude oil expanded into negative territory, increasing expectations for a reduction in domestic refined oil retail prices, leading to bearish market sentiment [1] - The overall market atmosphere remains subdued, with heavy bearish sentiment and limited improvement in transaction activity [1] Regional Price Changes - Gasoline wholesale prices increased in regions such as Jilin, Xinjiang, Inner Mongolia, and Shandong, while prices decreased in Gansu, Sichuan, Anhui, Zhejiang, Guangdong, Hainan, Tianjin, Shanxi, Henan, and Hubei [1] - Diesel wholesale prices rose in Xinjiang, but fell in Gansu, Sichuan, Chongqing, Anhui, Zhejiang, Guangdong, Hainan, Tianjin, Shanxi, and Hubei [1] - In Shandong, both gasoline and diesel prices increased [1] Data Source - The wholesale price data is published by the Energy Big Data Laboratory of the China Economic Information Agency and the China Petroleum Economic and Technical Research Institute, based on data collection from major operating units and social operating units across the country, excluding refineries [1]

Group 1 - The average price change rate of a basket of crude oil was reported at -1.08% on November 19 [1] - Domestic gasoline and diesel prices are adjusted based on international crude oil price changes every 10 working days, with the adjustment effective at 24:00 on the announcement date [3] - The price adjustment window will open at 24:00 on November 24, marking the eighth working day of the current pricing cycle [4]

Core Viewpoint - On September 29, China's wholesale prices for gasoline and diesel experienced a slight decline, with average wholesale prices for 92 gasoline at 7,850 yuan per ton, down 4 yuan per ton from September 26, and diesel (including low pour point) at 6,758 yuan per ton, down 1 yuan per ton from September 26 [1] Market Overview - The overall market situation indicates that on September 26, international crude oil futures prices rose, and the average price change rate of a basket of crude oil continued to develop positively, maintaining a cautiously optimistic sentiment [1] - As pre-holiday stockpiling has largely concluded, downstream replenishment demand has weakened, leading to a subdued purchasing atmosphere in the market [1] Regional Price Changes - In terms of regional price movements, gasoline wholesale prices increased in Sichuan and Guizhou, while they decreased in Xinjiang, Shandong, Shanghai, Tianjin, and Henan [1] - Diesel wholesale prices saw increases in Jilin, Jiangxi, Tianjin, and Guizhou, but decreased in Xinjiang, Inner Mongolia, Sichuan, Shandong, Henan, and Hubei [1] - In Shandong's independent refineries, both gasoline and diesel prices experienced slight declines [1] Data Source - The wholesale prices for gasoline and diesel in China are published by the China Economic Information Agency and the China Petroleum Economic and Technical Research Institute's "Energy Big Data Laboratory," in collaboration with the Shanghai Petroleum and Natural Gas Trading Center, based on data collection from major operating units and social operating units (excluding refineries) across the country [1]

Core Viewpoint - On September 22, 2023, China's wholesale prices for gasoline and diesel both declined, reflecting a broader trend influenced by international crude oil price movements and market demand dynamics [1]. Price Trends - The average wholesale price for 92 gasoline was 7,853 yuan per ton, down 7 yuan per ton from September 19 [1]. - The average wholesale price for diesel (including low pour point) was 6,759 yuan per ton, down 6 yuan per ton from September 19 [1]. Market Dynamics - The decline in wholesale prices is attributed to a decrease in international crude oil futures prices and a narrowing of the average price change rate for a basket of crude oils, leading to a high probability of no adjustment in retail fuel prices [1]. - Downstream operations are primarily driven by essential demand, with a stable purchasing atmosphere observed in the market [1]. Regional Price Variations - Gasoline wholesale prices increased in Qinghai, Sichuan, and Guangxi, while they decreased in Chongqing, Zhejiang, Jiangxi, Fujian, Hainan, Beijing, Tianjin, Hebei, Henan, Hubei, and other regions [1]. - Diesel wholesale prices rose in Heilongjiang, Qinghai, Inner Mongolia, and Sichuan, while they fell in Jilin, Liaoning, Anhui, Zhejiang, Jiangxi, Fujian, Shanxi, Henan, Hubei, and Guangxi [1]. - In Shandong, gasoline prices decreased while diesel prices saw a slight increase [1]. Data Source - The price data is published by the Energy Big Data Laboratory of the China Economic Information Service and the China Petroleum Economic and Technical Research Institute, based on wholesale price data collection from major operating units across the country [1].

Core Insights - The average price change rate of a basket of crude oil was reported at 3.49% on August 4 [1] Pricing Mechanism - Domestic gasoline and diesel prices are adjusted based on international crude oil price changes every 10 working days, with the adjustment effective at 24:00 on the announcement date [1] - If the price adjustment is less than 50 yuan per ton, it will not be implemented but will be accumulated or offset in the next adjustment [1] - Special circumstances may lead to the suspension, delay, or reduction of the price adjustment [1] Upcoming Adjustments - August 5 marks the fifth working day of the current pricing cycle, with the adjustment window opening at 24:00 on August 12 [1]