综合一区欧美国产,99国产麻豆免费精品,九九精品黄色录像,亚洲激情青青草,久久亚洲熟妇熟,中文字幕av在线播放,国产一区二区卡,九九久久国产精品,久久精品视频免费

  Home>News Center>Bizchina
       
 

China to reform oil pricing mechanism
(Agencies)
Updated: 2005-10-30 09:03

BEIJING -- China will reform its long-debated oil pricing mechanism by making the prices of its processed oil more responsive to the global oil price fluctuation, said a senior official here Friday.

The move will help crack down on domestic oil speculation and ensure the supply, said Zhao Xiaoping, director of the pricing department of the National Development and Reform Commission (NDRC) .


A fuel station in Zhengzhou, central China's Henan Province, displays oil prices in this October 14 file photo amid speculations that oil price hike is expected. [newsphoto]

Zhao made the remarks at a symposium held here discussing the price reform of energy and resources, including water, electricity, oil and gas.

China long set the price of processed oil based on the average price of oil products in the Singapore, Rotterdam and New York markets.

However, as the government only adjusts the price of oil products when the international price changes enough, the final price is not only too sluggish for the market but also transparent enough for speculating activities.

Zhao said China will improve the data collection on the Singapore, Rotterdam and New York markets and shorten the period of prices adjustment.

To ensure adequate processed oil supply, Zhao said China will also cut down the fast profit of petroleum mining sector by taxation means and subsidize the oil refiners to encourage production.

Due to the soaring international oil price, China's petroleum mining industry enjoyed huge profits since the beginning of this year, whereas the processing sector suffered huge losses as the processed oil prices was tightly controlled by the government.

Although the government has raised the processed oil prices several times, it is still much lower than the international prices, dampening the enthusiasm for refiners.

As a result, many refiners cut down production and sales of gasoline once become tense in some coastal areas.

Industry insiders held that to subsidize the refiners could ensure the oil supply and prevent oil crunch.

Zhao said the government will also give subsidy to people engaged in related sectors, such as taxi drivers, when the processed oil prices climbed higher.

Yang is a taxi driver in Beijing. Every time the price of gasoline and diesel is raised by 0.3 yuan (3.6 cents) per liter, his expenditure on the fuel in a month will go up by 200 yuan (24 US dollars) to 300 yuan (36 US dollars).

China has raised the oil prices four times since the beginning of this year.



 
  Story Tools  
   
Advertisement
         
沁源县| 平原县| 临猗县| 惠州市| 汉源县| 舟曲县| 慈溪市| 嵊州市| 高碑店市| 五大连池市| 乌拉特中旗| 大洼县| 巨鹿县| 永和县| 盐山县| 香河县| 稷山县| 昌吉市| 延庆县| 新绛县| 连山| 铜梁县| 竹山县| 柘城县| 蓬莱市| 嫩江县| 宝兴县| 霞浦县| 鲁甸县| 海兴县| 关岭| 东辽县| 南京市| 武陟县| 中西区| 章丘市| 仪征市| 玛多县| 霞浦县| 凯里市| 萨迦县|