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Oil product price red line or to $ 4%

 

 On February 10, according to media reports, according to informed sources said, in the reform of China's refined oil pricing mechanism, may be the original "4%" this adjusting red line was changed to "2%". And the adjustment period is reduced from 22 days to 10 days. If these two reforms strike, also marks China's oil product prices further in line with international practice.

At present, the heart of China's refined oil pricing mechanism is, "when the crude oil in the international market (99.05,-0.79,-0.79%) 22 consecutive days when the moving average price changes over 4% can be adjusted domestic oil product prices. "If the" 4% "of crude oil price rate of change to" 2% ", the frequency of price adjustment will be faster, and the degree of integration of international oil prices even more. To a certain extent, you can solve the problem of compact gasoline and diesel prices were mixed in China.

If adjusting the frequency goes faster, giving speculators in gasoline and diesel to hoard time shorter. But the current 4% change, will let the speculators are easy to guess its price time and amplitude, full of store goods are ready. And the adjustment period is reduced from 22 days to 10 days, consumers can fully enjoy the benefits of price in a short time. Once the huge crude oil price shocks, then gasoline and diesel retail prices in China may have a substantial price cuts in a short time.

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