The hottest refined oil price war market slapped t

2022-09-28
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"Price war" of refined oil: the market slapped the pricing mechanism

recently, the prices of refined oil at some gas stations in Beijing and Tianjin have been reduced one after another, and large-scale refined oil price reduction and promotion have also occurred in the markets of East and South China. The oil prices at some gas stations are even cheaper than before the price adjustment. It is reported that private gas stations are the main driver of this "price war". Driven by them, some gas stations under PetroChina and Sinopec have also joined the ranks of price reduction and promotion (Xinhua, April 15)

the price reduction and promotion of refined oil is undoubtedly loved by consumers, but with careful taste, this "price war" actually contains some embarrassment and irony

the latest price increase of refined oil was on March 20, with a sharp rise of 600 yuan per ton, and the oil price officially entered the "8 Yuan era". Consumers complain incessantly about this, but relevant people from the national development and Reform Commission said that according to the refined oil pricing mechanism, the refined oil price should have been increased by about 700 yuan per ton this time, and the price adjustment range was reduced because of the social affordability. The two major oil majors also claimed that the oil price hike was not in place, leaving consumers with pain, while domestic enterprises that can produce similar qualified products are not grateful

recently, the international oil price has not fluctuated much. Since the domestic oil price has not been raised in place, and neither oil majors nor private oil enterprises can do business at a loss, it is reasonable to say that there should be an "oil shortage" in the market. But the reaction of the market is just the opposite. The "oil shortage" did not appear, and the "price war" of refined oil was filled with smoke. What does this mean

from at least one aspect, it shows that the domestic oil price is not not raised in place, but adjusted too far, indicating that the price of refined oil is falsely high, higher than the due market price, otherwise how can there be a "price war" of price reduction and promotion? Whether the oil price is reasonable or falsely high is not what people say, nor what officials say. The market is the most objective and authoritative verifier. As soon as the oil price was raised, there was a price war. To put it harshly, it was equivalent to the refined oil pricing mechanism being slapped by the market. It was very embarrassing, very embarrassing, and very shameless. Of course, there is also the "oil price hike has not been in place" that is very shameful

in fact, most of the "price wars" of refined oil broke out after the sharp rise in oil prices. For example, on June 30, 2009, the price of refined oil increased by 600 yuan per ton. Only a few days later, the price reduction and promotion war in the market was raging, and the actual retail price fell by up to 500 yuan/ton, almost offsetting the increase in oil prices a few days ago

the current refined oil pricing mechanism has many problems and needs to be reformed. The official and private have reached a consensus on this. However, people often say that the problems mainly refer to the long 22 working days and the unreasonable international oil price. As everyone knows, the biggest problem of the current pricing mechanism lies in the falsely high benchmark oil price on which it is based. As we all know, the pricing mechanism was established at the end of 2008. At that time, affected by the international financial crisis and other factors, the international crude oil price was abnormally low (falling to more than $30 per barrel at the lowest), while the domestic refined oil price was falsely high. In this way, the original pricing mechanism was actually based on the falsely high domestic oil price. Since the initial benchmark oil price was falsely high, then no matter how the pricing mechanism works, whether the oil price rises or falls, the domestic refined oil price will inevitably be falsely high

therefore, it is not difficult to understand why the oil price has not been raised in place according to the pricing mechanism, but there is a "price war" of price reduction and promotion in the market. It can be said that every "price war" of refined oil will push the pricing mechanism to an embarrassing and embarrassing situation, exposing its irrationality

every "price war" of refined oil is initiated by private gas stations, which are the main drivers of price reduction and promotion. But what worries people is that it is reported that energy consumption can be reduced by 30% to 50%; Compared with metal water pipes, in order to earn more retail profits of refined oil products, PetroChina and Sinopec reduced the external wholesale volume of refined oil products last year, and expanded the number of self operated gas stations to supply more refined oil directly to their gas stations. Moreover, the annual reports of the two giants said that this year they would further reduce the wholesale of refined oil products and increase the proportion of their own retail sales (Beijing times, April 11). The strong expansion of oil majors in the retail market of refined oil will undoubtedly aggravate the monopoly, and the living space of private gas stations will be narrower until they are completely driven out

it is conceivable that when the oil giant completely controls the retail market of refined oil products, and when the oil giant "unifies" the country from crude oil exploitation, import, refining to the wholesale and retail of refined oil products, forming a monopoly fortress, then a well-known foreign-funded enterprise will launch another sustainability measure - ecological labels, no matter how abundant the inventory of finished oil end processing should be, no matter how high the government pricing is, No matter how profitable the gas station is, I'm afraid there will be no "price war" of price reduction and promotion

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