Petroleum and gas extraction PPI per month in China 2020-2022
In April 2022, the producer price index (PPI) for the petroleum extraction industry stood at 161.6 index points, meaning prices had increased compared to the same month last year. The PPI for petroleum extraction has been especially volatile throughout most of 2021. This is due to the fact that the same months of 2020 were hugely affected by the coronavirus pandemic and resulting slump in petroleum products demand. By comparison, the PPI for natural gas has been relatively stable, with the largest increase noted for April 2022, when the PPI amounted to 106.5 index points.