China Financial Daily

August 25, 2009

Finished oil prices rose almost certain this week moving average price exceeded 4% price adjustment range

Filed under: Financial News — Tags: — lily @ 2:16 am -0700

Finished oil prices rose almost certain this week moving average price exceeded 4% price adjustment range
Week 3 will be a period of price adjustment pricing deadline, as international oil prices continue to rise, when the 22 working days of the domestic price of certain moving average above 4 percent of the price adjustment range, this week price adjustment has become a consensus in the industry. Reporter learned yesterday, however, abundant resources, as the market overall, “price rises,” a lot of gas stations in Shanghai are still in the promotion.

July 27, the international price of oil to the August 20 the rate of change has reached about 9%, hovering around 70 U.S. dollars recent days. August 26th will be a pricing period deadline. Market participants expect, when the rate of change in international oil prices will be at 4% above the baseline of this price adjustment. This year, the finished product prices in the first 7 months of the time, has experienced five times to adjust, which indicates that the “oil-price control measures (for trial implementation)” in order to 22 working days for a valuation rate of change in breaking cycles, and 4% on the corresponding price adjustment The rules have been basically established. If there is no particular reason, this week will be a finished product oil price increases natural thing.

Reporter yesterday visited the city a number of gas stations, found that “price rises” there is no accumulation of oil and gas stations and signs, and many gas stations are also ones who enjoy sales, of which 90 # gasoline biggest profit concession. Sinopec gas station, Chengdu Road, No. 90 gasoline prices at 5.15 yuan / liter, cheaper than the price ceiling of 0.2 yuan, while PetroChina green gas stations out 5.2 yuan / liter price of 0.15 yuan is also the preferential, while another private No. 90 petrol stations Huajiang 0.31 yuan / liter profit concession, to 5.1 yuan / liter.

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