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National Development and Reform Commission responds to four questions about oil prices

 Last Update: 2022-09-26
 Source: Internet
 Author: User

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On the afternoon of March 17, the National Development and Reform Commission announced that from 24:00 on the same day, the price of domestic refined oil products will be raised according to the mechanism

Q: How has the international oil price changed this year?

Q: How has the international oil price changed this year? Q: How has the international oil price changed this year?

A: Since the beginning of this year, supply and demand in the global oil market have been tight, geopolitical events have occurred frequently, and international oil prices have continued to rise

Q: How have domestic refined oil prices been adjusted this year? Q: How have domestic refined oil prices been adjusted since this year?

A: 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

Q: The international oil price has dropped recently, why is the price of refined oil still raised? Q: The international oil price has dropped recently, why is the price of refined oil still raised?

A: As mentioned above, the price of domestic refined oil is adjusted every 10 working days.

Since the price adjustment of domestic refined oil 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 price rose sharply before the price adjustment day, but the current domestic refined oil price fell

Q: If the international oil price continues to rise, how will the domestic refined oil price be adjusted? Q: If the international oil price continues to rise, how will the domestic refined oil price be adjusted?

Answer: 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; interests, maintain the principle of stable operation of the national economy, adopt appropriate fiscal and taxation policies to ensure the production and supply of refined oil, and in principle do not mention or lessen the prices of gasoline and diesel

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