In order to understand the “oil shortage”, the National Development and Reform Commission will make up the amount of 100,000 tons of refined oil in the Guangdong market.

The "oil shortage" that has continued in Guangdong for some time has finally ushered in a turnaround. The reporter learned from the Guangdong Provincial Economic and Trade Commission on August 11th that the National Development and Reform Commission has accepted the application of the Guangdong Provincial Government. On August 10th, the special batch of refined oil products of 20,000 tons was added to the Guangdong market in August. In addition, Sinopec and PetroChina added 80,000 tons of refined oil products from Guangdong. In the near future, the Guangdong market will add 100,000 tons of refined oil, with a total supply of over 300,000 tons of refined oil.
It is understood that PetroChina South China Sales Branch will have 10,000 tons of 93 petrol and 5,000 tons of 97 petrol on Zhuhai Seashore on August 11th, mainly supplying Guangzhou, Foshan and Dongguan; on the 15th, 5000 tons of 90 petrol and 4000 tons of gasoline 97 gasoline will be supplied to Shenzhen. Sinopec Guangzhou Sales Subsidiary's emergency supply of Guangdong's 50,000 tons of refined oil will soon reach the shore. At this point, the oil shortage that has once occurred in Guangdong will be fully alleviated, and the supply of gasoline and diesel will tend to be normal.
The Guangdong refined oil market, which has always relied on maritime transport, has suffered from the impact of Typhoon “Matsa” and many ships have ceased operations, causing the supply of petrol and diesel oil to suddenly become tight. In addition, due to the continued high prices of international crude oil, oil prices appear to be “upside down”. Many social service stations cannot afford business pressure and have reduced supply.

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