
China National Petroleum Corporation announced that starting from 0:00 a.m. on the 2nd, the prices of domestic liquefied petroleum gas and industrial propane will not be adjusted in September, setting a record of frozen increases for eight consecutive years.
AI-generated summary
CNPC has not adjusted the price of barreled gas since February this year, and the cumulative absorption of liquefied petroleum gas products as of the end of August this year is estimated to be more than 10.5 billion yuan.
China National Petroleum Corporation announced that barreled gas prices will continue to freeze and rise. (File photo)
[Reporter Lin Jinghua/Report from Taipei] Bottled gas continues to freeze and rise! China National Petroleum Corporation announced that starting from 0:00 a.m. tomorrow (2), the prices of household liquefied petroleum gas (barrel gas), industrial propane, butane, mixed propylene butane and vehicle liquefied petroleum gas will not be adjusted in September. China National Petroleum Corporation has not adjusted the price of barreled gas since February this year, setting a record of eight consecutive freezes and increases.
China National Petroleum Corporation stated that the uncertainty of oil and gas supply in the Middle East is still high, and the cost of oil and gas imports is high and volatile. Taking into account that Taiwan Petroleum Corporation's cumulative absorption of LPG products as of the end of August in 2015 is estimated to be more than 10.5 billion yuan, and the selling price is still lower than cost, the LPG price will not be adjusted in September, and other unadjusted parts will continue to be absorbed by Taiwan Petroleum Corporation, and the lowest price in Asia will still be maintained.
China National Petroleum Corporation's barreled gas prices had been frozen for four years and 10 months, and the restrictions were not officially relaxed until November last year. However, the Middle East war broke out at the end of February this year. China National Petroleum Corporation has not increased its barreled gas prices since February. It continues to sell one barrel and lose one barrel. The absorption quota is already higher than the cost. CNPC stated that it will continue to monitor the dynamics of the international oil and gas market and conduct rolling reviews.

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