国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

   

Sinopec lures drivers with discount

By Zhan Lisheng (China Daily)
Updated: 2007-06-07 08:37

China Petroleum & Chemical Corp (Sinopec ) is offering 0.1 yuan on Sunday discount off all products at its Guangzhou branch.

The promotion, kicked off last Sunday at Sinopec's six filling stations in downtown Guangzhou, will go on indefinitely. The move comes as demand for gasoline and diesel intensifies during the summer months.

The promotion is associated with Sinopec's undercutting strategy to fortify market position in the wake of two oil price cuts in Beijing earlier this year.

Total-Sinochem Fuels, a joint venture between Total and Sinochem focusing on oil products retail , lowered the retail price for gasoline by about 8 percent when it opened two new stations in Beijing in March. China National Petroleum Corp (PetroChina) cut the price by up to 0.2 yuan shortly after.

Related readings:
 Sinopec prepares record bond issue for Puguang gasfield
 Sinopec confirms major discovery in Xinjiang
 Sinopec, CNOOC join forces to secure natural gas

 
Sinopec builds more than 100 oil tanks

"Our strategy is to encourage private car owners to fill their cars up on Sunday to avoid the long queues of vehicles waiting for the fill-up on weekdays," said Huang Hannan, department manager at Sinopec's Guangzhou branch. "It is possible that we will offer the same price incentive on Saturday if the strategy works," he added.

He denied the view that the strategy is an attempt to undercut prices in order to expand local market share.

"Filling stations of both Sinopec and PetroChina, the nation's key oil suppliers, have launched promotional campaigns in one way or another in the past few months," said Yao Daming, director of the oil products department of Guangdong Oil and Gas Association.

"Whether for the purpose of competition or not, the price cut is beneficial to the growing number of vehicle owners."

Yao said Sinopec's recent move means Guangzhou will not have to face oil supply shortages this year, despite the slight increase in the wholesale price the past month.

PetroChina's Guangzhou branch refused comment on the move yesterday.

Instead of a market-oriented oil pricing mechanism, the pricing system is still under government control.


(For more biz stories, please visit Industry Updates)



扬州市| 社旗县| 和龙市| 体育| 垦利县| 科尔| 宁城县| 德化县| 莲花县| 荆州市| 济源市| 荆州市| 建瓯市| 金川县| 德格县| 平江县| 河源市| 平原县| 中牟县| 甘南县| 台州市| 铅山县| 新建县| 周宁县| 沽源县| 枣阳市| 姚安县| 哈巴河县| 逊克县| 沙洋县| 资阳市| 东乡族自治县| 昭苏县| 乌审旗| 莆田市| 平江县| 浦江县| 阿拉善右旗| 寿光市| 当涂县| 台中县|