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August 31, 2009

Development and Reform Commission to clarify the inaccurate reports: not been adjusted for the recent oil price formation mechanism

Filed under: Financial News — Tags: — lily @ 7:45 am -0700

Development and Reform Commission to clarify the inaccurate reports: not been adjusted for the recent oil price formation mechanism
According to the National Development and Reform Commission Web site message, Development and Reform Commission today released the news, to clarify the “Development and Reform Commission will try to reduce the frequency of oil price adjustment,” the report said that the recent oil price formation mechanism is not adjusted.

Recently, some media reproduced the “Shanghai Securities News”, a Development and Reform Commission said that the persons concerned to accept the newspaper reporters that “the industrial economy stabilized in the current critical period of recovery, Development and Reform Commission will try to reduce the frequency of oil price adjustment, which a practice is also not contrary to the principles of the existing pricing mechanism. ” It is understood that I have recently appointed had not received the “Shanghai Securities News” and other media interviews on the oil prices, the above report was not true.

I will continue to be appointed in accordance with the “State Council on the implementation of the refined oil price and tax reform, to inform” and “oil price control measures (Trial)” and other relevant provisions of the good management of the refined oil prices.

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