Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  Equities  >  SHANGHAI STOCK EXCHANGE  >  China Petroleum & Chemical Corp    600028   CNE0000018G1

End-of-day quote. End-of-day quote  - 07/29
4.79 CNY   -0.62%
07/27 CHINA PETROLEUM : Chinas Sinopec to develop Yadavaran oilfield
07/26 CHINA PETROLEUM : Sinopec to develop Yadavaran oilfield
07/21 CHINA PETROLEUM : Sinopec 1H oil & gas output down 6%
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

China NDRC To Cut Gasoline, Diesel Prices -C1 Energy

share with twitter share with LinkedIn share with facebook
share via e-mail
0
05/09/2012 | 10:22am CEST

China's National Development and Reform Commission will cut gasoline and diesel prices by CNY330 and CNY310 a metric ton, respectively, energy consultancy C1 Energy said Wednesday, citing an oil industry person familiar with the matter.

This would mean a decline of 3.3% in the average retail ceiling benchmark for gasoline of CNY9,980 a metric ton, and a drop of 3.4% in the average retail ceiling benchmark for diesel of CNY9,130 a ton, according to Dow Jones Newswires calculations.

The exact price ceilings vary by geographic location.

The NDRC last changed gasoline and diesel prices on March 20, raising them by CNY600 a ton, in response to rising international oil prices.

Under China's oil product pricing system, domestic fuel prices may be adjusted when the moving average of a basket of international crudes changes more than 4% over a period of 22 working days.

The government hasn't always rigidly followed the formula, which was introduced in 2009.

In the past, C1 Energy has generally been reliable in its reports on China's fuel price changes ahead of the NDRC's official announcement.

-By Wayne Ma, Dow Jones Newswires; +86 10 8400 7714; wayne.ma@dowjones.com

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on CHINA PETROLEUM & CHEMICAL
07/27 CHINA PETROLEUM & CHEMICAL : Chinas Sinopec to develop Yadavaran oilfield
07/26 CHINA PETROLEUM & CHEMICAL : Sinopec to develop Yadavaran oilfield
07/21 CHINA PETROLEUM & CHEMICAL : Sinopec 1H oil & gas output down 6%
07/14DJChinese Energy Giant's Big Bet on Oil Sands Backfires
07/04 CHINA PETROLEUM & CHEMICAL : Rosneft to sell stake to China
06/30 CHINA PETROLEUM & CHEMICAL : Nigeria-China roadshow fetches $50 billion oil, gas..
06/30 CHINA PETROLEUM & CHEMICAL : Nigeria-China Roadshow Fetches U.S.$50 Billion Oil,..
06/28 Top 10 China's most valuable brands in 2016
06/24 CHINA PETROLEUM & CHEMICAL : visitors upbeat about possibility for investment
06/17DJRepsol Faces $5.5 Billion Sinopec Claim
More news
Sector news : Oil & Gas Refining and Marketing - NEC
08:48aDJOil Price Retreat Slams Producers -- WSJ
12:59a Oil rout erodes second-quarter profits for U.S. majors Exxon, Chevron
07/29 Inventory reduction curbs U.S. economic growth; rebound expected
07/29 Petrobras sells oilfield asset to Statoil for $2.5 billion
07/29 ENBRIDGE : profit misses slightly, hurt by Fort McMurray wildfire
More sector news : Oil & Gas Refining and Marketing - NEC
News from SeekingAlpha
07/13 Chinese exports of refined fuels jumped 38% Y/Y in June
06/30 Sinopec subsidiaries inflated 2014 revenue and costs by $3B, audit says
06/27 WALL STREET BREAKFAST : Markets Struggle With Brexit Hangover
06/26 Russia, China boost energy ties
06/17 Repsol faces $5.5B arbitration claim from Sinopec
Advertisement
Financials ( CNY)
Sales 2016 2 047 567 M
EBIT 2016 55 003 M
Net income 2016 29 002 M
Debt 2016 141 810 M
Yield 2016 2,97%
P/E ratio 2016 18,01
P/E ratio 2017 12,38
EV / Sales 2016 0,35x
EV / Sales 2017 0,31x
Capitalization 578 323 M
More Financials
Chart CHINA PETROLEUM & CHEMICAL
Duration : Period :
China Petroleum & Chemical Technical Analysis Chart | 600028 | CNE0000018G1 | 4-Traders
Full-screen chart
Technical analysis trends CHINA PETROLEUM &...
Short TermMid-TermLong Term
TrendsBullishNeutralBearish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 17
Average target price 5,94  CNY
Spread / Average Target 24%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Chun Guang Li President & Executive Director
Bin Xu Chairman-Supervisory Board
Yu Pu Wang Chairman
Dong Fen Wen Chief Financial Officer
Ke Hua Zhang Vice President & Director General-Engineering
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
CHINA PETROLEUM & CHEM..-2.82%87 136
EXXON MOBIL CORPORATIO..14.11%368 841
ROYAL DUTCH SHELL A16.88%209 745
BP PLC22.61%105 535
SAUDI BASIC INDUSTRIES..--.--%65 616
RELIANCE INDUSTRIES LI..1.35%49 307
More Results