---
title: "Sichuan Expressway Clarifies Pricing Terms in Renewed Refined Oil Supply Deal"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/272060416.md"
description: "Sichuan Expressway Co has clarified the pricing mechanism in its renewed Refined Oil Framework Agreement with PetroChina Sichuan Sales Branch. The agreement allows Zhonglu Energy to set refined oil prices based on benchmarks from PetroChina's affiliated gas stations and independent suppliers, ensuring prices remain competitive. The board deems the terms fair and in the group's interest, promoting transparent fuel procurement. The latest analyst rating for Sichuan Expressway Co (HK:0107) is a Hold with a price target of HK$5.50. The company operates in the transportation sector in Sichuan Province."
datetime: "2026-01-09T10:09:46.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/272060416.md)
  - [en](https://longbridge.com/en/news/272060416.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/272060416.md)
---

# Sichuan Expressway Clarifies Pricing Terms in Renewed Refined Oil Supply Deal

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The latest announcement is out from Sichuan Expressway Co ( (HK:0107) ).

Sichuan Expressway Company Limited has issued a further announcement on the renewal of its Refined Oil Framework Agreement between subsidiary Zhonglu Energy and PetroChina Sichuan Sales Branch, clarifying the pricing mechanism for refined oil purchases. Under the agreement, Zhonglu Energy will set refined oil prices by benchmarking PetroChina Sichuan Group’s prices to its affiliated gas stations and comparable independent third-party suppliers, using publicly available market data from major state-owned oil companies to ensure prices do not exceed prevailing market levels, with transportation fees determined by distance, weight, risk, and comparisons with independent logistics providers. The board, including independent non-executive directors, considers the agreement and its pricing policies to be on normal commercial terms, fair and reasonable, and in the interests of the group and shareholders, suggesting that the arrangement supports transparent cost management for fuel procurement linked to the company’s core operations.

The most recent analyst rating on (HK:0107) stock is a Hold with a HK$5.50 price target. To see the full list of analyst forecasts on Sichuan Expressway Co stock, see the HK:0107 Stock Forecast page.

**More about Sichuan Expressway Co**

Sichuan Expressway Company Limited is a PRC-incorporated joint stock company listed in Hong Kong that operates in the transportation and infrastructure sector, primarily focusing on expressway-related businesses and associated services in Sichuan Province.

**Average Trading Volume:** 2,121,763

**Technical Sentiment Signal:** Buy

**Current Market Cap:** HK$19.7B

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