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
         
廉江市| 陇西县| 阿坝| 静乐县| 科技| 石泉县| 綦江县| 封丘县| 佳木斯市| 仪征市| 吕梁市| 和政县| 兴业县| 泰州市| 喀喇沁旗| 通渭县| 常德市| 白城市| 同德县| 南乐县| 军事| 赤壁市| 西乌| 新邵县| 宁蒗| 漯河市| 神木县| 永嘉县| 灵山县| 隆尧县| 垦利县| 谢通门县| 富锦市| 武穴市| 三原县| 娄烦县| 尉氏县| 仁寿县| 板桥市| 明水县| 固始县|