Experts predict that this month will mark the first oil price adjustment this year
“This year, international crude oil prices continued to rise, domestic prices have been hovering up window a long time, according to the price adjustment mechanism announced last year, NDRC, China’s price adjustment provisions of the conditions have been met, domestic oil price adjustment window is open. Estimated that in the month, will usher in this year’s first oil price adjustment. “China Energy Network CEO, HAN Xiao-ping energy experts believe.
According to China’s May 8, 2009 announced the “oil price management (tentative)” states: “The international market of crude oil for 22 consecutive working days moving average price changes of more than 4%, can be adjusted domestic gasoline and diesel prices.” As of April 9 closing, Brent crude oil spot, Dubai crude oil and Cinta crude oil three to 22 consecutive working days weighted average price of crude oil was 79.074 U.S. dollars per barrel, three more than the last price adjustment in the average price average price of 74 dollars base price up 5.69%, 4% of the rate of change has long break.
Since March 16, the international oil prices have shifted around 80 U.S. dollars, although the session down several times, but were kept close above 80 U.S. dollars, or just Shouwen the price level. Entered in April, the international oil prices have been 80 U.S. dollars / barrel highs.
Recently the U.S. Department of Energy report showed U.S. crude oil inventories increased by 200 million barrels, the data caused by oil market fears may be causing this decline. Issued under the April 10 report, China’s March crude oil imports were up 29%. “In the long run, international oil prices back on the 90 U.S. dollars / barrel and even break through 100 U.S. dollars / barrel are quite possible. The recent high and volatile international oil prices, further exacerbated the domestic oil price increases expected.” Guoxin Securities analyst Yanbei Na said.
It is noteworthy that, on 9 to 11, Chinese Premier Wen Jiabao of Bengbu in Anhui, Chizhou study pointed out that the two do a good job this year for agriculture, especially grain production, economic stability, price stability is of particular importance. Fertilizer for villagers to reflect the recent rapid price increases of agricultural materials such problems, Wen said: “fertilizer, diesel oil price volatility and the recent rise in international oil prices. If the oil price increases caused agricultural prices, the state will give to farmers.”
“Premier Wen’s speech clearly shows that domestic oil price adjustment soon.” HAN Xiao-ping said, “Now is the Development and Reform Commission on domestic prices for various reasons, such as drought, a time when oil spring season and inflation pressure, etc., but Before more could be because of oil, Sinopec retains certain stocks at a time when the purchase price less a result there is still room for profit. Even in the face of higher oil prices, imports of petrochemical planes can also be higher sulfur content to reduce the cost of crude oil. ”
Currently, the market has raised oil products responded in advance. It is understood almost all over the country in recent wholesale price rise of refined oil reached 300 yuan to 400 yuan / ton. In the Beijing area PetroChina, Sinopec have canceled the promotion, No. 93, years ago, retail gasoline prices are You Shixing of 6.16 yuan / liter price of 6.66 yuan to re-Hui Dao / liter, the price just Dadao ceiling for Guiding Development and Reform Commission price. At the same time, some foreign and private gas stations have begun to raise the retail price is 0.1 yuan per liter range ~ 0.2 yuan.
“Although the impact of international crude oil prices, strong domestic oil price adjustment is expected, but the gains were not significant, estimated to increase also in the 200 / ton. Overall, this impact is limited, the controllable range limited impact on the economy, not direct pressure on inflation. “Yan Beina that” oil prices in the market-oriented reform is beyond doubt, the long run oil prices will be market formation. But in the reform process, as the market competition is not yet full, imperfect market system, tolerance of all aspects of society is relatively weak, oil prices still under government management and regulation appropriate. ”
“International crude oil prices, some costs are not short-term changes, such as fixed costs and the cost of domestic crude oil production, if these costs are confuse with the rising international oil prices, oil companies such as the operation was to bind together the oil speculation This system design need to be open to question whether it is reasonable. “HAN Xiao-ping that” the current oil price control measures on a trial basis to some extent, resulting in the international speculators and the interests of domestic importers highly consistent. domestic crude oil imports by two oil companies absolutely monopoly, they also control the exploitation of domestic oil resources, will further reduce oil prices will. from around the world speaking, oil prices continued to surge, will slow global economic recovery. “
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