Tuesday, November 22, 2011

in particular

129626129873593750_1525Development and Reform Commission in charge of lower fuel prices press NetEase finance, October 8 today, inform national development Reform Commission decided since October 9 steam, diesel prices by 300 yuan per ton on. This reporter interviewed and some related hot spots of national development and Reform Commission responsible people. (A) the question: rapid fall in oil prices in international markets since August, why only now cut domestic fuelPrice? Answer: under the current pricing system, adjustment of domestic oil prices is mainly based on the international market for some time-related changes in crude oil prices, that is diablo 3 power leveling, some kind of crude oil a day or a few days in the international market price change is large, domestic fuel prices may not be adjusted only when international markets oil 22 working days in a row when the moving average price change exceeds 4%, Countries will adjust domestic oil price and this mainly to avoid wild swings in international market oil prices cause frequent domestic oil price adjustments. On April 7 this year the domestic oil price adjustments since the General high oil prices shocks in the international market trends, specific movements can be divided into three phases. First, in late April to early May, continuing international market oil prices upward.United States West Texas intermediate crude (WTI) and the United Kingdom North Sea Brent price of light crude oil futures rose to highs of more than US $ 110 and US $ 120 a barrel; domestic fuel prices adjust reference three crude oil average price of about $ 120 a barrel, far exceeding the required 4% the current oil price mechanism adjusting boundary conditions. But given the next MarchAffordability and overall prices upward pressure, rising domestic fuel prices does not come with the international market price of crude oil increased accordingly. Interests of the lower reaches of the upper reaches of the enterprises concerned in accordance with supplement regulation mechanism, rising oil prices in digestion within the enterprise. Second since early May is international market oil prices hovering high. Under the influence of Europe and the economic recovery is slowing, world market oil prices once thereDecline significantly, after which WTI and Brent futures price has remained at between $ 90-110 and $ per barrel; three crude oil prices are calculated at 22 working days, although at reduced but stayed between $ 110-115 a barrel, falls short of boundary conditions of the price cut. Third, since the beginning of August the international market oil price shocksThe following line. Due United States heightened and European debt crisis has hit investor confidence, fears Europe economic dip, international markets falling oil price shocks, particularly since late September decreased acceleration on October 4 WTI and Brent crude price fell to 75.7 and 99.8 dollars a barrel time. If you simply from a point in price comparisons, international marketsOil prices from early highs to its present level of $ 120 a barrel, fallen indeed would have been more than 4%, but from the perspective of 22 consecutive working days moving average price, there is a process of gradually falling, in recent days reached a price of 4% boundary conditions, the State decided to appropriately lower domestic fuel prices. This reduced domestic fuel prices, to reduce social gamesLine costs, ease the General level of prices upward pressure, promote the steady and rapid development of the national economy. (B) asked: recently, some Internet users that domestic oil prices "rose fell less", "rose quickly falling slowly." You have any views on this? Answer: since the beginning of the end of 2008 oil price and tax reform programme implementation, 16 times adjusted domestic fuel prices, of which ten-liter six drop, price total waterRose, but this is largely because the international market as a result of increases in oil prices. Since 2009 oil price shocks as a whole to grow for the international market, United States West Texas intermediate crude (WTI) and the United Kingdom North Sea Brent crude oil prices, respectively, from the beginning of 2009 about US $ 35 and $ 40 a barrel up to now around $ 80 and $ 100, this yearApril peaked respectively up to about $ 114 and $ 126, surging more than 200%. From the perspective of the domestic market, in order to slow the effects of rising global oil prices on the domestic market, countries considered the carrying capacity of the domestic economic situation, social and other factors, on fuel prices making the appropriate regulation, the domestic refined oil pricing mechanism should 70% more, but onlyRaised around 50%. As for "rising fast falling slowly", the question does not exist. In oil product price adjustment operation, domestic oil prices required when raised, taking into account the impact on the downstream industry, as well as inflationary pressures, not only proper control of price adjustment amplitude, and often delayed adjustment time; on international markets in oil prices fall, States that by the time oil prices in the international market and theThe fall when price levels that reduced domestic fuel prices in a timely manner. Therefore, from the perspective of adjusting operating time, there is no "rises quickly fell slowly". "Since the end of 2008 the international and domestic oil price comparison chart" can be clearly seen. Our analysis, misunderstood the reason why consumers, mainly due to the refined oil pricing mechanism and price action approachComplex, and with pricing period is 22 working days moving average price, despite the oil price peaks ironing trough, but objectively can result in domestic and foreign price changes are not synchronized. We are currently a summary assessment of the existing refined oil pricing mechanism, to these questions will focus on the next step to improve the price mechanism to study improvements. (C) question: you said that countries wereSummary assessment of refined oil pricing mechanism, will the improvement on the existing mechanism for the next step in the direction and content of what? When to launch the new mechanism? A: December 2008 fuel prices and tax reform established the current oil price formation mechanism. Two years, price mechanism overall running smoothly, and effect is clear, and ensure the normal supply of oil products market, contributed to the finished productOil market orderly competition, enhance their awareness of the sustainable development of enterprises and mass fuel-saving. And, as domestic fuel prices is speeding up the process of marketization, producers, managers, and consumers ' ability to adapt to changes in the market situation and consciousness gradually enhanced, laying a foundation for future implementation of market-oriented reform targets. But the price has also exposed price adjustment mechanism is running cycles too long,Enough transparency issues. Because of the domestic petroleum market system is not perfect, refined oil prices still need to be necessary for the Government Regulation. For pushing oil price reform of marketization process, guarantee market supply and stabilize the market order, the country will be within the framework of the existing institutional mechanisms, around reduced price cycle, speeding up the frequency of price adjustment, improved oil price adjustment operation mode;And resize the linked areas such as oil, further improving the refined oil pricing mechanism. In the current process of reform is working on demonstration, after the consensus on the various aspects of basic, more or less launched. (D) asked: it is understood that the current domestic refineries are still at a loss, lowering States will take measures to protect the supply of the domestic market after, maintaining order in the market price? For security: Since international market oil prices overall rose sharply this year, countries considered the carrying capacity of the domestic economic situation, social and other factors, increase the intensity of its regulation of domestic fuel prices, refiners have been at a loss. In this regard, countries have taken a series of measures, in particular, require oil enterprises into full play Enterprise interest adjustment mechanism in the upper reaches,Balance good relations between all sectors of interest, ensuring that the basic stable supply of oil products market. Recently, international market oil prices fall, refinery production costs has decreased, but after the domestic fuel prices down, losses in refineries is difficult to reverse. Therefore, after the price adjustment, the departments concerned has clearly required PetroChina, Sinopec, CNOOC, companies continue to play an internal regulation downstream interestsEffects, alleviate difficulties in refineries, oil production and distribution of cohesion diablo 3 gold, optimize the product mix to ensure market supply; and for strengthening coordination and emergency dispatch, in particular ensuring agricultural harvest of autumn with oil demand. At the same time, price departments at all levels will strengthen market supervision and inspection, strictly investigated and does not perform pricing policies set by the State, as well as hoarding, spread rumours to create confusion, Collusion in price and the price of a ride, and other violations, protect the normal market order. Responsible editor: NF075

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