Shanghai (China), Oct 28 (EFE) .- A diesel shortage has caused gas stations in some parts of China to begin to ration the supply of this type of fuel, according to information published by the local press.
The private economic news portal Caixin said this week that some service stations in Hebei (northeast) and Anhui (east) provinces have limited the amount of diesel that each vehicle can refuel.
Added to this is a rapid rise in the prices of this fuel since September, going from 5,500 to 8,600 yuan (from 860 to 1,344 dollars, from 742 to 1,160 euros) per ton, that is, an increase of around 55% , at refineries in eastern Shandong province.
Each liter of diesel is now sold at about 7.2 yuan (1.13 dollars, 0.97 euros) after the latest adjustments approved by the National Commission for Reform and Development (CNRD, the country’s main economic planning body), which It has increased the ceiling on wholesale and distribution prices by 30% since the beginning of the year, says Caixin.
The energy shortage facing China – partly due to coal supply problems and rising coal prices, which accounts for about 70% of the electricity generated domestically – has also translated into an increase in the demand for diesel due to the fact that many companies have chosen to buy generators in order to meet their production commitments.
In addition, diesel exports have increased by 15% year-on-year until September, a period in which production has dropped by 4.4%, in part because some refineries have chosen to reduce fuel refining in favor of other chemicals.
In statements to Caixin, the analyst dedicated to oil issues at the Longzhong consultancy Wang Qianqian assures that the national production of diesel could increase by one million tons in October compared to September due, among other factors, to the fact that part of the material dedicated to Exports will now be diverted for local consumption.
Although Wang forecasts that demand will fall gradually, he also warns that it will not be easy to achieve a balance with supply in the short term, and that diesel supply problems could last for about three months.
(c) EFE Agency
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