Today, Sinopec responded to the current energy market situation at the 2025 annual performance briefing meeting. Faced with the complex situation of continued escalation of geopolitical conflicts in the Middle East and obstruction of international oil and gas trade,The company has made it clear that the current inventory of crude oil and refined oil products is sufficient to ensure the stable operation of daily production and operations and provide solid support for domestic energy supply.
In order to effectively respond to external risks and challenges, Sinopec has formulated multiple targeted plans in advance, which can flexibly adjust its business strategies according to changes in the situation, make every effort to ensure the safety and stability of the industrial and supply chains, and effectively meet domestic oil demand for production and living.
Recently, geopolitical conflicts in the Middle East have intensified, and navigation in the Strait of Hormuz has been blocked, which has directly impacted the global oil and gas trading system. International crude oil prices have risen sharply, imported crude oil resources have tightened, and shipping costs have remained high, which has brought significant operating pressure to the domestic refining and chemical industry.
It is worth noting that this round of domestic refined oil price adjustment window is scheduled to officially open at 24:00 on March 23. Affected by the high international oil prices, the price adjustment range has attracted market attention.
Analysts said that the short-term crude oil change rate may continue to rise, and the corresponding domestic retail price increase of refined oil may eventually reach about 2,200 yuan/ton.
If calculated based on this range, converted into price increases, No. 92 gasoline, No. 95 gasoline, and No. 0 diesel will increase by 1.73 yuan, 1.83 yuan, and 1.87 yuan per liter respectively.
This also means that if this round of refined oil retail price limits is implemented according to this standard, domestic 92-proof gasoline prices will fully enter the "9 yuan era", and the domestic refined oil price adjustment pattern will also be updated to "five increases and one stranded."
