Sinopec Chairman Predicts
Rising Refined Oil Prices this Year
Reported by Beijing News (reporter Zhai Xuan) - Yesterday, national People's Congress representative and Sinopec Chairman Rong Guangdao stated that domestic refined oil prices are expected to continue rising in line with international crude oil prices this year.
Rong Guangdao said that last year the average price of international crude oil was $60-62 per barrel. This year, multiple authoritative institutions predict that the average international crude oil price will hover around $80 per barrel, representing an increase of approximately 30% compared to last year's crude oil prices. Therefore, refined oil prices will definitely rise correspondingly.