PetroChina raises Oct Jidong, Daqing crude prices by CNY173/tonne

30 September 2013 05:04  [Source: ICIS news]

SINGAPORE (ICIS)--PetroChina will raise the prices of its October Daqing and Jidong crude prices by yuan (CNY) 173/tonne from its September prices, a company source said on Monday.

The October Daqing and Jidong crude prices will be at CNY5,722/tonne ($127.90/bbl) EXW (ex-works) after the increase.

PetroChina primarily uses Dubai’s crude prices as a benchmark in setting its monthly crude prices.

Its Daqing and Jidong crude account for 38% of PetroChina’s total crude output.

PetroChina has also raised its October settlements for Huabei, Dagang and Changqing crude prices by CNY156-186/tonne from the previous month, the source said.

($1 = CNY6.12)

By: Jean Zou
+65 6780 4359

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