China-Singapore Finance, March 17. According to the National Development and Reform Commission's notice on the 17th, starting from 24:00 on March 17, the price of gasoline will be increased by 750 yuan per ton, and the price of diesel will be increased by 720 yuan per ton.
The relevant person in charge of the National Development and Reform Commission said that since the beginning of this year, the global oil market has been tight in supply and demand, geopolitical events have occurred frequently, and international oil prices have continued to rise.
Taking the price of Brent crude oil futures as an example (the same below), it was US$96.8 per barrel on February 23, up 22.6% from the beginning of the year.
After the outbreak of the Russian-Ukrainian conflict on February 24, the international oil price surged rapidly. On March 7, it exceeded US$139 per barrel in intraday trading, hitting a new high in 13 years. Since then, it has fluctuated and dropped back to around US$100 per barrel. higher than before the outbreak of the Russian-Ukrainian conflict.
In accordance with the relevant provisions of the "Measures for the Administration of Petroleum Prices", the maximum retail prices of domestic gasoline and diesel are adjusted every 10 working days according to changes in crude oil prices in the international market.
As of March 17, there have been five price adjustment windows this year, and the national gasoline and diesel prices have increased by 1,875 yuan and 1,805 yuan per ton respectively, up 21% and 23% from the beginning of the year.
Among them, the domestic gasoline and diesel prices were increased by 750 yuan and 720 yuan per ton.
Recently, the international oil price has dropped, why is the price of refined oil still raised?
The person in charge said that the price of domestic refined oil is adjusted every 10 working days. How to adjust the price each time mainly depends on the comparison of the average value of international oil prices in the 10 working days before the price adjustment and the average value of the previous 10 working days. A few days before the price adjustment, the international oil price changes were decided.
After the last price adjustment (March 3), the international oil price jumped sharply. Although it has fallen back in recent days, the average value of the past 10 working days is still significantly higher than the previous level.
Since the adjustment of domestic refined oil prices is linked to the average value of international oil prices in the previous 10 working days, there have been many times before that the international oil prices rose sharply before the price adjustment date, but the current domestic refined oil prices fell.
For example, December 17, 2021 is the price adjustment day. The international oil price rose continuously in the previous two working days, but the current domestic gasoline and diesel prices were reduced by 130 yuan and 125 yuan per ton respectively.
Similar situations occurred on July 26, 2021, March 31, and September 18, 2020 and other price adjustment days.
If international oil prices continue to rise, how will domestic refined oil prices adjust?
The person in charge said that when the international oil price continues to rise, but does not exceed US$130 per barrel, the domestic refined oil price will be adjusted normally according to the
mechanism
; , the interests of consumers, the principle of maintaining the stable operation of the national economy, adopting appropriate fiscal and taxation policies to ensure the production and supply of refined oil, and
the prices of gasoline and diesel are not mentioned or less mentioned in principle
.
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