28 August 2013 07:35 [Source: ICIS news]
SINGAPORE (ICIS)--Shanghai will start to upgrade its local oil products standard from level four to level five from September, the second city in mainland China to upgrade after Beijing, market sources said on Wednesday.
The new standard will be effective from 1 September, and the upgrading will take three months. It expects to provide new oil products in every gas station across Shanghai from 1 December, the sources added.
However, there has not been any announcement on whether the prices would be adjusted, according to the sources, adding that the price direction will be clearer after the upgrade is completed.
The sulphur content will be reduced to below 10 parts per million (ppm) in the new gasoline and diesel products from the previous standard of below 50ppm in the level four oil products, according to Shanghai Municipal Bureau of Quality and Technical Supervision.
The three kinds of gasoline including 90-RON, 93-RON, and 97-RON in the market will be replaced by 89-RON, 92-RON, and 95-RON respectively, the bureau added.
Beijing’s upgrade of its local oil products began on 31 May 2012.
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