On April 10, 2013, the National Development and Reform Commission issued a news that the new refined oil pricing mechanism has been fully operational within 10 working days, but since the price increase of gasoline and diesel is lower than 50 yuan per ton, it is the first time under the new mechanism. The oil price adjustment will be postponed and added to or offset by the next price adjustment.
On March 26th, the National Development and Reform Commission announced the introduction of a refined product pricing mechanism for domestic refined oil products to improve the mechanism for the formation of refined oil product prices. First, the price adjustment cycle for refined oil products was shortened from 22 working days to 10 working days; The average price of oil in the international market fluctuates by 4% on the price adjustment limit; the third is the appropriate adjustment of the domestic market price of crude oil affiliated with the product price.
The relevant person in charge of the National Development and Reform Commission once stated that according to the requirements of the new mechanism, refined oil prices will be adjusted once every 10 working days. The drop will fall and the rise will increase. However, there will be no adjustment or less adjustment if the following situations occur:
——When the price of gasoline and diesel oil is lower or lower than 50 yuan per ton, the amount commuted to less than 5 cents per liter of the price adjustment, in order to save social costs, the retail price will not be adjusted for the time being, and will be included or offset in the next price adjustment.
- When special circumstances such as a significant increase in the total domestic price level or major emergencies, and sharp rises in oil prices in the international market in a short period of time necessitate the regulation of refined oil prices, the National Development and Reform Commission may submit a report to the State Council for approval. Pause, delay the price adjustment, or reduce the price adjustment.
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