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Refined Oil Retail Market Private Oil Prices Will Grow

- Mar 16, 2017 -

China Petroleum and Chemical Industry Association in the "2016 petrochemical production capacity early warning report" pointed out that in 2016 China's new refining capacity of 30 million tons, with a total capacity of 800 million tons, more than 120 million tons of capacity, of which the most refined Concentrated provinces in Shandong to a processing capacity of 144 million tons / year, accounting for 68% of domestic refining.

Refined oil production capacity continued to surplus, private gas stations will seize the larger market share

Recently, the reporter visited with more than 20 years of experience in retail oil products to the refueling chairman Yu Chang (formerly Shell China Gas Station business managing director). He believes that with the domestic refined oil production capacity and excess consumption of refined oil consumption decline in the next two years, high gas margins (1500-2000 yuan / ton) will continue. The national retail sales of refined oil in the next 3-5 years will remain at around 3% growth rate, gasoline is expected to remain stable growth of 5% -8%. In the existing total sales of refined oil will not grow rapidly, including state-owned, foreign and private enterprises, including all the oil companies will face a competitive environment. When all the players need to compete in a relatively fixed volume to gain greater sales and profits, we will be more urgent for the professional gas station management marketing needs.

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