Under high oil prices, CNPC and Sinopec are forced to take action!
Thread Content
Today, Xinhua News Agency reported that: “The National Development and Reform Commission will for the first time organize CNPC and Sinopec to cooperate with local refineries in the three northeastern provinces, Shandong, Shaanxi, Sichuan and other regions, by supplying crude oil to eligible local refineries and purchasing their qualified refined products.” Today, the properties of the crude oil transported through pipelines from the oil field at our plant changed suddenly; its density was extremely high, and coupled with the low oil temperature, the crude oil pump at the station stopped working. I quickly called to ask. It turns out it was to accommodate this regulation. Transport the best crude oil from the oil field by road to local refineries in the vicinity, and purchase the oil products they produce at market prices. Ensure that domestic oil prices decline to prevent inflation caused by this! ! I estimate that the prices of gasoline and diesel will definitely drop around December. However, our factory paid a price for this! !
Can this prevent inflation?
Food, clothing, shelter, and transportation are essential for people's daily lives. Let’s start with food! Currently, the prices of grains and various types of food products are generally rising. Housing prices are extremely high, and oil is an essential resource that ensures our operations can continue. With oil prices soaring at present, if the prices of refined oil products are not strictly controlled, the costs of various goods in the country will rise significantly, inflation will become inevitable, China’s goods will lose their international competitiveness, and this will cause even greater damage to the economy.