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Why is Zhongran cheaper than Sinopec?

1 Answers

WillowFitz

07/29/25 10:23pm

For automotive gasoline, prices vary among different refineries, which is not a significant issue. Consumers can make choices based on their usage needs. The differences between Zhongran and Sinopec are as follows: 1. Enterprise nature: Sinopec and PetroChina are under the State-owned Assets Supervision and Administration Commission, while Zhongran was initiated by the Cross-Strait Economic and Technological Cooperation Center of the Taiwan Affairs Office without majority control, making it essentially a private enterprise. 2. Zhongran lacks oil extraction license: Zhongran primarily operates pipelines, acting as a middleman without an oil extraction license, only possessing a natural gas extraction license.

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