Although petrol stations in South China's Guangzhou and Shenzhen cities would formally start to supply GB IV vehicle-use gasoline from Jan 1, 2011, retail prices of the product were yet to be fixed, C1's survey found.
Sinopec recently took the lead to apply for raising gasoline retail ceiling prices by Yuan 200/mt in Guangzhou and Shenzhen from January 2011, but the Guangdong municipal government declined the proposal out of inflation concerns, said a source with Sinopec.
If the ceilings were lifted by Yuan 200/mt, private car owners in the two cities would pay Yuan 200/mt more fuel expenses each month at least, C1 calculated.
Retail ceiling for GB III 93-Ron gasoline was Yuan 9,323/mt or Yuan 7.05/liter in Guangdong at present.
As C1 reported earlier, Guangzhou put into effect GB IV automotive gasoline standard this August and Shenzhen would implement the standard from January 2011.
GB IV fuel standards require gasoline and gasoil with sulfur content at 50ppm. Under GB III fuel standards, gasoline content is 150ppm and gasoil is 350ppm.
Petrol stations in Guangzhou have been selling GB IV vehicle-use gasoline at prices flat with GB III grades.
The National Development & Reform Commission, China's energy watchdog, elevated retail ceiling prices by Yuan 310/mt for gasoline and by Yuan 300/mt for gasoil on Dec 22.
Sinopec recently took the lead to apply for raising gasoline retail ceiling prices by Yuan 200/mt in Guangzhou and Shenzhen from January 2011, but the Guangdong municipal government declined the proposal out of inflation concerns, said a source with Sinopec.
If the ceilings were lifted by Yuan 200/mt, private car owners in the two cities would pay Yuan 200/mt more fuel expenses each month at least, C1 calculated.
Retail ceiling for GB III 93-Ron gasoline was Yuan 9,323/mt or Yuan 7.05/liter in Guangdong at present.
As C1 reported earlier, Guangzhou put into effect GB IV automotive gasoline standard this August and Shenzhen would implement the standard from January 2011.
GB IV fuel standards require gasoline and gasoil with sulfur content at 50ppm. Under GB III fuel standards, gasoline content is 150ppm and gasoil is 350ppm.
Petrol stations in Guangzhou have been selling GB IV vehicle-use gasoline at prices flat with GB III grades.
The National Development & Reform Commission, China's energy watchdog, elevated retail ceiling prices by Yuan 310/mt for gasoline and by Yuan 300/mt for gasoil on Dec 22.
