From the State Council executive meeting held on November 17, it was reported that the State Council required that the price of natural gas be kept stable, increase production of refined oil, especially diesel, and ensure open supply. At the same time, it is proposed to continue to implement preferential policies for the production of fertilizer, electricity, gas and transportation to ensure the production of chemical fertilizers. The meeting decided to strengthen the control of targeted, improve the price environment, if necessary, the implementation of temporary interventions on important daily necessities and production materials.
Since the beginning of winter, the prices of natural gas all over the country have risen. Recently, Beijing, Shenyang, Hefei, Changsha and other cities held civil natural gas prices hearings. A few days ago, Beijing announced the results of the hearing, and the price of natural gas rose by 0.23 yuan per cubic meter. As the city with the greatest demand for natural gas, industry sources said that Beijing's natural gas price increase means the beginning of a new round of rising national natural gas prices.
According to the forecast of the National Climate Center, the probability of this winter being “cold winter” is relatively large, and the urban heating situation is severe, and the contradiction between the supply and demand of natural gas may further increase. According to a report released by the General Administration of Customs earlier this year, the natural gas shortage this year will reach 30 billion cubic meters, and the foreign dependency will increase to 12.8%. At present, the lack of natural gas supply is the root cause of the general price increase.
Because natural gas prices are directly related to the increase in the cost of living. In this State Council executive meeting, it was specifically proposed to keep the price of natural gas stable, and if necessary, implement temporary interventions for important daily necessities and production materials.
In the context of the shortage of diesel supply, the State Council executive meeting emphasized that the production of refined oil, especially diesel, should be increased to ensure open supply. It is understood that since the beginning of October this year, the "diesel shortage" has appeared in the southern regions of China. According to statistics, in November, more than 2,000 private gas stations in the south of China have ceased operations due to lack of oil. The industry analysts believe that Sinopec and CNPC, which are responsible for diesel production, will face production pressure, and they may not even rule out the possibility of directly importing diesel oil from overseas. The profitability of enterprises may be subject to certain restrictions.
In addition, in ensuring market supply and promoting price stability, the meeting pointed out that the preferential policies for the use of electricity for fertilizer production, gas use, and rail transportation should continue to be implemented to ensure the production and supply of chemical fertilizers. Organize coal production and supply, give priority to ensure the use of coal for power generation, and ensure that urban and rural residents' lives and enterprises normally produce electricity.
Analysts pointed out that the price of energy products has been interfered with, which is a measure taken by the country to increase inflationary pressure in the short term, and the long-term goal of rationalizing the relationship between energy prices will not change accordingly.

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