The hottest Sinopec data strongly proves that the

2022-09-30
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Sinopec data strongly proves that the domestic oil price is still lower than that of the United States

after China raised the oil price of finished products twice in a month last month, some public opinion questioned the "virtual high" of domestic oil price and pointed out that China's oil price has been higher than that of the United States. In this regard, an authoritative person of Sinopec provided a detailed comparison data of finished oil prices between China and the United States to this newspaper yesterday, which strongly proves that the domestic oil price is still lower than that of the United States

according to this statistical data, taking the oil price level on July 6 as an example, the retail price of gasoline in the United States on that day was 261.2 cents per gallon, including federal tax of 18.4 cents per gallon and state tax of 21.72 cents per gallon, accounting for 15.36%. After conversion according to the exchange rate, the price of gasoline excluding tax in the United States is equivalent to 3.99 yuan/liter. As for diesel, the price of diesel excluding tax in the United States is equivalent to 3.83 yuan/liter

on July 6, the highest retail price of China's No. 90 gasoline was 7543.67 yuan/ton, including 1096.09 yuan/ton of value-added tax, 1388 yuan/ton of consumption tax, 248.409 yuan/ton of urban construction and other taxes, accounting for 36.22%. Finally, the domestic gasoline price excluding tax is 3.47 yuan/liter, 13.03% lower than that in the United States; The price of diesel oil excluding tax is 3.38 yuan/liter, 11.75% lower than that in the United States

"among the above data, China is the highest, so we are also constantly strengthening the competitiveness of this base. The retail price adopts the average value of various provinces and cities, but because Beijing adopts the National IV standard, the domestic average value is higher. Nevertheless, from the comparison of this data, it can be seen that China's oil price excluding tax is still lower than that of the United States." Sinopec authority said

he pointed out that the public opinion's view that the domestic oil price is higher than that of the United States is largely based on the oil price in Beijing, and it is a tax oil price. But this does not represent the real level of domestic oil prices

however, from the above comparison, it can be seen that the tax burden of domestic refined oil prices is indeed higher than that of the United States: the tax on the retail price of gasoline in the United States accounts for 15.36%, while the tax in China accounts for 36.22%

"China's 14 oil price is higher than that of the United States. First of all, it is higher in taxes. China's gasoline tax is about twice the average level of the United States." Professor linboqiang, director of the China energy economy research center of Xiamen University, said

he also believes that the cost of transportation and testing and monitoring the stress changes in key parts of the steel structure installation and unloading process in China's gasoline retail price is also too high. The cost of retail and transportation in the United States generally accounts for about 12% of the retail price, but this proportion in China is about 20%

"in addition, the crude oil cost of Chinese refineries is higher than that of American refineries, but this factor has less impact on the price of refined oil than the tax, transportation and sales costs." Lin Boqiang said

he finally pointed out that the oil prices of finished products between China and the United States are not much comparable, because the composition of oil prices between China and the United States is different. In China, the price of refined oil has always been guided by the government, and the terminal retail price does not fully reflect the cost and income structure of all links of production and sales

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