China National Petroleum Corporation: The price of barreled gas will not be adjusted in October and will continue to "sell one barrel and lose one barrel"

China National Petroleum Corporation announced that starting from 0:00 a.m. tomorrow (2nd), the prices of household liquefied petroleum gas (barrel gas), industrial propane, butane, mixed propane butane and vehicle liquefied petroleum gas will not be adjusted in October; China National Petroleum Corporation said that in October The price of liquefied petroleum gas should be increased by 2.9 yuan per kilogram, which will be fully absorbed by China National Petroleum Corporation. Currently, China National Petroleum Corporation has absorbed 23.75 yuan per kilogram, which is higher than the after-tax household gas wholesale price of 20.01 yuan. It continues to "sell a barrel and lose a barrel."

If 20 kilograms of barreled gas is used, the price is about 400 yuan, but CNPC absorbs up to 23.75 yuan per kilogram. Back to normal, if CNPC does not absorb it, a 20 kilogram barrel should sell for about 875 yuan, and the price difference is as high as 475 yuan, which is fully absorbed by CNPC.

PetroChina explained that the situation in the Middle East is uncertain and the cost of imported gas sources continues to increase. According to the calculation of the LPG price adjustment mechanism, LPG should be increased by 2.9 yuan per kilogram in October 2020. However, in line with the government's price stabilization policy, this part of the price difference will be temporarily absorbed by China National Petroleum Corporation, and the price will not be increased to take care of Taiwan's households and users such as the catering industry, reduce people's livelihood burdens and maintain price stability.