国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

  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
         
达州市| 克山县| 昌宁县| 富民县| 汤阴县| 体育| 温宿县| 确山县| 保定市| 天全县| 二连浩特市| 通榆县| 马尔康县| 凤台县| 大关县| 梨树县| 洞口县| 榆中县| 鄂伦春自治旗| 乌兰县| 江源县| 玉溪市| 花莲市| 山东省| 台东县| 巢湖市| 电白县| 洛川县| 苍南县| 沂源县| 德钦县| 吴忠市| 斗六市| 甘孜| 兴安盟| 穆棱市| 合肥市| 湖州市| 淮南市| 溧水县| 信丰县|