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Home> Blog> It's reversed! Oil prices have changed! Sinopec Great Wall Lubricants issued a notice of price adjustment

It's reversed! Oil prices have changed! Sinopec Great Wall Lubricants issued a notice of price adjustment

April 03, 2024
It's reversed! Oil prices have changed! Sinopec Great Wall Lubricants issued a notice of price adjustment

Recently, domestic oil prices in the vicinity of the stranded red line, up and down a small swing, 3 working days were staged: up 5 yuan/ton, down 5 yuan/ton, and then up 5 yuan/ton. So far, the current round of oil prices are still dealing with a stranded state

On March 7, the third working day of the new round of oil price statistics cycle, it is predicted that gasoline and diesel will be raised by 5 yuan/ton, temporarily in the stranded range.

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On March 5, the South China Branch of SINOPEC Lubricating Oil Co., Ltd. issued a notice letter on the adjustment of the prices of industrial oil and automotive oil staple commodities, announcing that the product prices would be moderately raised.

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Affected by the geopolitical crisis in the Middle East, the prices of crude oil and chemical raw materials are gradually rising, facing the pressure of shortage of Base Oil resources and rising prices of auxiliary materials, Great Wall lubricating oil decided to moderately increase product prices to meet the challenges of cost and market changes. The price adjustment range is decided scientifically according to the market situation, to ensure the rationality, fairness and transparency of the price adjustment, and to jointly maintain the market order.
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