The Current Round of Oil Price Adjustment is Actually Limiting The Production of The Two Giants With

by on January 24, 2011

Silence after more than 4 months, the domestic refined oil prices rise again. However, the risk of high Christian Louboutin Outlet inflation in the context of this inexplicable price increases, and does not reflect the link with the international oil prices also led to numerous criticisms. The oil price increases together with the international oil prices accounted for almost irrelevant, but mainly two diesel oil prices recently has been limited shipments, led to overall shortage of diesel, thus indirectly affecting the government decision-making, and ultimately the price of the push. “Guangdong, a private oil enterprises, told reporters. The oil price increases do not integrate with the international oil prices, relatively stable international oil prices recently.” Institute of Contemporary International Relations China Institute of Chen Fengying said the world economy. October 26, the National Development and Reform Commission issued a notice that starting from day zero, our gasoline prices increase 230 yuan per ton and diesel prices increased 220 yuan per ton, corresponding, rose 0.17 yuan per liter of gasoline, diesel fuel per rose rose 0.19 yuan. Development and Reform Commission, said the adjustment, the corresponding crude oil price is still lower than the current international market price of crude oil price levels.

“International oil prices have not exceeded 85 dollars / barrel, the front had reached 4% decline, the NDRC did not lower oil prices, which had just a slight increase, Development and Reform Commission could not wait to raise domestic oil prices a bit puzzled, that also not in accordance with the refined oil pricing mechanism called indirect integration with the international oil prices. “a source said private oil enterprises. The source also told reporters that theLouboutin shoes sale price adjustment is the Development and Reform Commission may continue for some time because of the recent diesel tension. Recently, the domestic diesel market is more serious in short supply, have been appearing around the fuel line situation. “In fact, it is the implementation of two major oil companies control the amount of diesel sales, so that the oil market demand, the price has recently been ranked high.” The official told reporters that private enterprises, the current community resources and real diesel not nervous, even more abundant supply of petrol resources. The subsidiary of a place in the oil refining enterprises have also told reporters, as the country raised oil prices, oil companies and the early traders who hoard goods must be right up markets to increase the delivery volume of refined oil, diesel supply trends will soon be eased.

According to report, will present the major domestic gas stations have raised retail prices of refined oil price ceiling, PetroChina and Sinopec, the two main units to push prices to reach.
PetroChina and Sinopec reported a first half, two major oil companies and the downturn in the global oil industry against the background of whole line is still performance, profits continue to surge. As of June 30, net profit of 65.33 billion yuan in oil, an increase of 29.4%. Sinopec interim results announcement also revealed that the first-half net profit of 35.4 billion yuan, an increase of 6.7%.”Two oil refined oil pricing mechanism from the state to benefit handsomely in the current refined oil pricing mechanism, whether international oil prices up or down, the two major oil companies are profitable, and often rising international oil prices the higher, the two oil company profits higher. “The person in charge of private oil enterprises.
It is noteworthy that the face of oil price increases, local private stations and foreign stations to compete for market share, most did not follow the prices of the two major oil firms. In the Beijing market, individual private stations minimum of 93 # gasoline prices reached 6.20 yuan / liter, 0.72 yuan cheaper / liter. The person in charge of private oil enterprises in Guangzhou told reporters, private gas stations in Guangzhou have been doing a lot of promotional offers, only the basic shortage of diesel is not much margin of preference, gasoline discount rate of 0.05 yuan to 0.4 yuan / liter. “At the same time, Recently cheap diesel and non-standard diesel smuggling increased, showing that the domestic oil market was not profitable before the price adjustment.” The source said. The NDRC also widespread controversy price adjustment is that China is currently in the context of inflation, oil prices increased a larger extent no doubt this pressure. According to the National Bureau of Statistics data show that in September China’s CPI increase of 3.6%, more than 3% in early warning level set,Christian Louboutin Suede Boots a huge inflationary pressures in China, and refined oil as the final one of the basic means of production, their prices will will trigger a chain reaction that involves a number of industries. For questions, the Development and Reform Commission also said to be in full on the basis of views from various parties to further improve the refined oil pricing mechanism, a more transparent pricing mechanism for new oil and strive to put the year. Xiamen University, China Center for Economic Research Energy Lin Boqiang is recommended to reduce the refined oil price per period and the adjustment will be the pricing mechanism from the existing 22 days and 4% to 3% in 14 days.

“This will reduce the price transmission process in the hysteresis effect, so that domestic oil prices more timely to reflect the domestic market supply and demand, such as changes in consumption structure. And the possible impact from the point of view, the adjusted results of all parties is good: for the Government, to reduce speculation and prevent public discontent, but also conducive to the transition to market pricing; for enterprises, can make domestic oil prices more closely with the international oil prices to get a more realistic price information; and For consumers to make more real the price mechanism, while the price adjustment will increaseChristian Louboutin Patent pump the frequency of price adjustment is more customary for everyone, not too much attention and expectations. “Lin Boqiang that

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