China Financial Daily

Development and Reform Commission in response to: the recent increase in oil prices will not
The market of oil products for a maximum retail price is up on the 28th. 27, National Development and Reform Commission to conduct a responsible person be denied that and said that prices of refined oil will not increase in the near future.

Responsible person also said that relevant departments of Development and Reform Commission yesterday, the normal work of staff, during the Dragon Boat Festival holiday will not work overtime. National Development and Reform Commission in accordance with the above-mentioned persons means that during the Dragon Boat Festival holiday will not increase the maximum retail price of refined oil.

Promulgated under the new “management of oil prices”, when Brent, Dubai, Cinta three oil changes in the weighted average rate of 22 working days for more than 4% change in the mobile, they can adjust the domestic prices of refined oil. April 27 with a price cycle, after the end of May 26 also ushered in 22 trading days of the date of valuation period. It is easy to trade information, statistics, May 26 the three oil changes in the weighted average rate of change in 22 working days for more than 21.02%, which is much more than 4% of the increase.

26 the past six months, international oil prices rose to new highs, the New York Mercantile Exchange crude oil futures prices rose 0.78 U.S. dollars to close at 62.45 U.S. dollars a barrel, London Brent crude oil futures prices rose 1.03 U.S. dollars to close at 61.24 U.S. dollars a barrel.

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