Chen Deming, deputy director of the National Development and Reform Commission, said yesterday that China is closely following the trend of international oil prices and will choose the right time to achieve domestic product oil prices in line with the international market.
Chen Deming said that the reform of China's refined oil price formation mechanism is closely related to the trend of oil prices in the international market.
At present, this reform is being prepared, but considering the actual affordability of the society, we have to wait for the right time for price changes in the international market.
International oil prices fell sharply at the beginning of the year and rose rapidly from last week. This back and forth has put pressure on the NDRC to announce details of the pricing mechanism.
On January 14 this year, the National Development and Reform Commission announced that because the price of WTI crude oil futures fell on January 11 to the lowest point since June 2005, it was US$51.9 per barrel. Since the date of the announcement, the price of gasoline has fallen by 220 yuan per ton; the factory price of aviation kerosene has dropped by 90 yuan per ton.
During the “two sessions,†Ma Kai, director of the National Development and Reform Commission, confirmed for the first time that the crude oil plus cost pricing mechanism has been implemented since the date of price reduction. Due to the need to gradually improve, it is not convenient to announce more details.
From late March, stimulated by the Iranian nuclear issue, international oil prices have shed their momentum, and they stood at $65/bbl on the day before yesterday. This price is higher than the current reference price of refined oil by more than US$10/barrel, forcing the refined oil price to increase again.
Therefore, regardless of when the NDRC adjusts refined oil prices, the specific frequency of the new mechanism will be disclosed. If the refined oil prices are not adjusted, the refining sector of the state-owned oil companies will be negatively affected, and this will affect the refining industry in China. development of.
Industry sources said that unless the current round of rising oil prices quickly end, it will be difficult for competent authorities to get out of this dilemma. Therefore, in order to avoid the imagination of the market, the best option is to make the pricing mechanism transparent as soon as possible.
In an interview, Chen Deming also emphasized that while carrying out this reform, the government will subsidize food production, urban public transport, agriculture and forestry passenger transport, and low-income groups, and control the impact of price policy within a socially affordable range. At the same time, the time for the fuel tax to leave the platform is getting closer and closer.
Chen Deming said that the reform of China's refined oil price formation mechanism is closely related to the trend of oil prices in the international market.
At present, this reform is being prepared, but considering the actual affordability of the society, we have to wait for the right time for price changes in the international market.
International oil prices fell sharply at the beginning of the year and rose rapidly from last week. This back and forth has put pressure on the NDRC to announce details of the pricing mechanism.
On January 14 this year, the National Development and Reform Commission announced that because the price of WTI crude oil futures fell on January 11 to the lowest point since June 2005, it was US$51.9 per barrel. Since the date of the announcement, the price of gasoline has fallen by 220 yuan per ton; the factory price of aviation kerosene has dropped by 90 yuan per ton.
During the “two sessions,†Ma Kai, director of the National Development and Reform Commission, confirmed for the first time that the crude oil plus cost pricing mechanism has been implemented since the date of price reduction. Due to the need to gradually improve, it is not convenient to announce more details.
From late March, stimulated by the Iranian nuclear issue, international oil prices have shed their momentum, and they stood at $65/bbl on the day before yesterday. This price is higher than the current reference price of refined oil by more than US$10/barrel, forcing the refined oil price to increase again.
Therefore, regardless of when the NDRC adjusts refined oil prices, the specific frequency of the new mechanism will be disclosed. If the refined oil prices are not adjusted, the refining sector of the state-owned oil companies will be negatively affected, and this will affect the refining industry in China. development of.
Industry sources said that unless the current round of rising oil prices quickly end, it will be difficult for competent authorities to get out of this dilemma. Therefore, in order to avoid the imagination of the market, the best option is to make the pricing mechanism transparent as soon as possible.
In an interview, Chen Deming also emphasized that while carrying out this reform, the government will subsidize food production, urban public transport, agriculture and forestry passenger transport, and low-income groups, and control the impact of price policy within a socially affordable range. At the same time, the time for the fuel tax to leave the platform is getting closer and closer.
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