Adjustment of oil prices must be coordinated according to social affordability
2018-09-20 13:03:20
Bi Jingquan, deputy director of the National Development and Reform Commission, said on the 4th that the National Development and Reform Commission has so far not received applications from China National Petroleum Corporation and China Petroleum and Chemical Corporation for raising the price of refined oil due to the rise in international crude oil prices. However, the policy of gradually straightening out refined oil prices has been determined. The specific time for price adjustment should be considered in the light of the oil price in the international market and the affordability of all sectors of society.
Bi Jingquan said at the press conference held by the Information Office of the State Council: “China’s crude oil prices have been in line with the international market, and gradually refined the prices of refined products on this basis. This direction has also been determined, but the specific time for price adjustment is According to the overall consideration of the oil prices in the international market and the affordability of all sectors of society, the total supply and demand in the refined oil market in our country is balanced and the market is relatively stable.
Bi Jingquan said that so far we have not received applications from China National Petroleum Corporation and China Petroleum & Chemical Corporation for raising the price of refined oil due to the rise in international crude oil prices. Since March this year, the oil price in the international market has risen sharply, and the contradiction between losses in the refining sector has actually increased. However, due to the profitability of domestically produced crude oil, the sale of refined oil is also profitable, plus the comparison of oil prices in the international market before March. Low, so the profits of the two major oil companies in January-July increased from the same period last year.
He said, “In view of the tight supply of refined oil in individual areas such as Fujian and Heilongjiang in August, we have asked the two oil companies to increase production, organize imports, and increase transportation, and take effective measures to ensure the supply of the market.â€
Bi Jingquan said at the press conference held by the Information Office of the State Council: “China’s crude oil prices have been in line with the international market, and gradually refined the prices of refined products on this basis. This direction has also been determined, but the specific time for price adjustment is According to the overall consideration of the oil prices in the international market and the affordability of all sectors of society, the total supply and demand in the refined oil market in our country is balanced and the market is relatively stable.
Bi Jingquan said that so far we have not received applications from China National Petroleum Corporation and China Petroleum & Chemical Corporation for raising the price of refined oil due to the rise in international crude oil prices. Since March this year, the oil price in the international market has risen sharply, and the contradiction between losses in the refining sector has actually increased. However, due to the profitability of domestically produced crude oil, the sale of refined oil is also profitable, plus the comparison of oil prices in the international market before March. Low, so the profits of the two major oil companies in January-July increased from the same period last year.
He said, “In view of the tight supply of refined oil in individual areas such as Fujian and Heilongjiang in August, we have asked the two oil companies to increase production, organize imports, and increase transportation, and take effective measures to ensure the supply of the market.â€
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