Saturday, March 3, 2012

China's imported oil prices break through adjusting red line, upward pressure on large or difficult in the near future in the industry regulation

Persons by the national development and Reform Commission, energy: pricing or other multiple factors to be considered.
As international oil prices continued to rise in domestic oil prices break through "price adjustment" red line. Yesterday our reporters energy income from domestic energy information with the query, to March 31, Brent, Dubai and Cinta 22 working days in a row of three moving average price changes for crude oil 4.25%, exceeds the price of 4% line.
Income energy information architects, are now paying close attention to trends in national development and Reform Commission adjusted the retail price, because of the sensitive period.
1-oil pressure too high
But our reporters yesterday by the national development and Reform Commission, energy expert was informed that the domestic oil price rise is still difficult to predict, "to take into consideration a variety of factors, including current ability to price", the experts told reporters.
In addition, the pricing mechanism adjustment in oil prices has also become "no price" heavy grounds, "this year we will continue to improve the pricing mechanism, national development and Reform Commission is also studying a new programme" energy told reporters.
2-the price of oil has more than four months do not adjusted
Guangdong Association of oil and gas oil Minister told reporters Yao Daming expression "oil price rise" judgment, "the increase in oil prices the time window has been broken, no adjustment for more than four consecutive months, is by the time it's hard to say now, drought in the Southwest have an impact on oil prices, higher CPI, rose is unlikely in the near future", said Yao Daming.
Wang Tianpu, President of Sinopec shares when interviewed by this reporter yesterday he verbally cautious on oil price rises subject, says oil price sensitive, hard to say now. PetroChina said in public, higher CPI data, now a rise in oil prices is not a good time.
Previously, petrochemical companies have high oil prices. Early in March, part owned by Sinopec refineries in charge of public expects, will soon increase domestic oil product prices.

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