The real reason for China's gasoline surge

On March 23, against the background of the fall in international crude oil prices and the appreciation of the RMB, the National Development and Reform Commission once again increased the sales price of refined oil. The price of No. 93 gasoline in Beijing reached a record high again. The explanation given by relevant parties is that the last price increase was not adjusted in place, and the sales price of our refined oil products is still lower than the international market. In the future, we will continue to promote price adjustments taking into account the international market conditions and social affordability. The lie is so complete, but we have already used various means to prove that this is blatant deception.

1. China’s oil imports do not reach US$60 (the National Development and Reform Commission announced in 2005 that the maximum amount was US$51). The North Sea clean oil that reaches US$60 in the international market is the best in the world, while oil exported from the Middle East, South America, and Russia cannot reach US$60. China imports a large amount of low-quality, high-sulfur oil. According to the analysis of the famous economic intelligence magazine, when the international oil price is 54 US dollars, the price of oil imported by China is mostly around 30 US dollars. China is widely believed to be the world's largest buyer of low-quality oil.

2. Comparison of oil prices in the United States and China. The average price of No. 93 oil in the United States is about RMB 4.7 per liter, but they add a 30% fuel tax, and there are no tolls on highways, and there are basically no tolls or very low tolls on highways. The sales price of similar gasoline in Beijing has reached 4.24 yuan, and the actual price is higher than that in the United States. If relevant parties say that China's refined oil prices are far lower than those in the international market, they will be completely refuted by the following examples. Customs announced that among the smuggling cases detected in the first half of the year, refined oil and cigarettes ranked among the top three. Since China’s refined oil products are cheap, they should be smuggled from China to abroad. Why should they be smuggled from abroad to China? The major smuggling cases uncovered in the past were all related to the smuggling of refined oil products such as gasoline and diesel. It can be seen that the huge price difference between domestic and foreign prices has attracted smugglers to take risks.

3. Oil company reports show huge profits. Sinopec Corp. has become the most profitable among Hong Kong listed companies, with profits reportedly close to 100 billion yuan, and its annual operating revenue is around 500 billion yuan. The profit margin is considerable and the profit margin is very impressive. In terms of net asset income, even for the most prosperous real estate, the net asset income of high-quality listed companies is mainly 5% to 10%. According to Sinopec’s 2004 annual report, the net asset income is 17.32, and its weighted average The net asset income is 20.32%. Everyone says this is amazing! It is three times the average level of high-quality listed companies in the real estate industry and more than four times the average level of real estate listed companies. This is proof of amazing huge profits! I recently met with people from Yanshan Petrochemical Company. Their profits last year exceeded 4 billion yuan. The summary factors are high prices and good market. It can be seen that Chinese petroleum companies have very good performance, so why are there still claims of long-term losses? Isn’t this bullying the common people and being ignorant?

4. Upstream monopoly plunders downstream competitive industries, distorts the economic structure, and increases prices unscrupulously, exacerbating the complex situation of China's economy and macroeconomic adjustment. horrible. The price of refined oil increases because you have a monopoly, but the downstream industry is a competitive industry and cannot increase prices. For example, buses and taxis are related to people's lives, and their price adjustments must be strictly reviewed and approved. The price of oil has increased from 2 yuan to more than 4 yuan, but the price of buses and taxis has not increased. It can be seen that the increase in oil prices can only be absorbed by costs and the government. Subsidizing. The automobile manufacturing industry is an industry that the country has pinned its hopes on, but the poor consumption environment and rising oil prices have made the situation even worse. The wages of ordinary people have not increased significantly in the past two years, and the doubling of oil prices has made everyone uncomfortable. It can be seen that this is naked plunder, distorting China's economic structure and increasing the so-called expansion pressure. Although PetroChina's huge profits have made the country and some undisclosed interest groups happy, this kind of predatory economic thinking that harms the Chinese economy will harm the healthy development of the Chinese economy.

I observe that although everyone knows that PetroChina/Sinopec are causing trouble with the rise in oil prices, they don’t know the main point! Let me clarify something here!

Oil is a strategic material, and domestic oil fields are monopolized by these two groups. Only they have the rights to mine and sell it. In recent years, the country has imported more and more oil, and this year it will reach 150 million tons. As the proportion of imported oil consumption increases, wouldn't it mean that the two major groups will have no say? Don't worry. The key oil import rights are still owned by only two major groups. No matter how cheap the oil prices are, domestic oil refining companies cannot import independently and can only buy the crude oil they import at a higher price from the two major groups.

In this way, the two major groups control the oil fields internally and the right to import crude oil externally. Do they still have the final say on domestic crude oil prices? Domestic refineries, including those of the two major groups, are losing money. That is because the price of raw oil (whether domestically produced or imported) is set by the two major groups! It doesn't matter if the two major groups' own refineries are losing money. Anyway, they already have enough amazing profits in the trade/mining process! !

Moreover, the loss of refineries can be used as an excuse to increase gasoline prices to hide the public’s confusion.

So because of the so-called refinery losses, our pockets were emptied of money! ! ! !

Oil is the blood of industry and the king of modern basic industries! ! The two major groups are quarreling with each other upstream, which endangers the competitiveness of the entire country and even national security! ! The price of 90# oil rose from 3.18 in March this year to 4.06 in July, which is almost a dollar, less than half a year! !

How many logistics companies have gone bankrupt? How many companies are burdened with heavy freight costs? Shameless robbery! ! In 2004, the two major groups had a net profit of 200 billion. How much is our country's GDP? 11 trillion. The maximum comprehensive net profit of each industry is calculated as 5%, which is 500 billion. It can be seen that 40% of the national profits belong to the two major groups! Everyone is working for the two major groups! !

Some people may ask, the oil fields are owned exclusively by the people of the country. Although these two major groups have a monopoly, they are China's own enterprises after all. Why are they so frantically plundering wealth regardless of endangering the vitality of the people? In fact, these two major groups are both overseas listed companies! ! Ownership and capital are no longer purely national. Capital is greedy and its pursuit of profit will never be satisfied. Seeing this, I believe everyone who has read the post has a clear idea of ??the future trend of domestic oil prices.

I am very worried that foreign investors will use the monopoly position of the two major groups to plunder the wealth of the Chinese people. From this perspective, the two major groups are already standing on opposite sides of the people! ! Sometimes I see that although female workers in textile factories work hard 12 hours a day, they can't even get a salary of 500 yuan. The reason is that some factories have increased the price of textile raw materials (most non-cotton textiles are made from petroleum) ) or cease production/or go bankrupt. The mood is really indescribable. A while ago, I heard that some people in Beijing died of overwork in order to make more money... I really don’t know what kind of face Sinopec/PetroChina has a net profit of 200 billion and clamor for losses and demand price increases. That 200 billion people How much of the hard-earned money goes into the pockets of already wealthy foreigners! !

In any case, the two major groups are squeezing out domestic non-owned refineries and at the same time squeezing out non-owned gas stations in society. If the current situation does not change, the goals of the two major groups will soon be fully realized.

Some people may ask, currently the National Development and Reform Commission has approved 19 non-state-owned companies to import oil.

In fact, in addition to import rights, private companies must have quotas to import oil. In 2005, the non-state-owned import quota was only 10 million tons per year, which did not affect the market at all! Moreover, in addition to being state-owned companies, the two major groups have no restrictions on imports. They have also registered non-state-owned enterprises and are among these 19 companies, using their strength to seize most of the quotas! ! Too cruel! ! For specific details on the private enterprise’s oil import rights/quota plan, you can check the website of the Ministry of Commerce! !

Thank you for your support. If you have time, please repost it. Don’t let the whole society be deceived by the two major groups under the guise of "refinery losses/gas station losses"