在线国产一区二区_成人黄色片在线观看_国产成人免费_日韩精品免费在线视频_亚洲精品美女久久_欧美一级免费在线观看

USEUROPEAFRICAASIA 中文雙語Fran?ais
Home / World

Fuel firms given more flexibility on prices

By Zhou Yan | China Daily | Updated: 2012-03-29 07:48

Oil companies may adjust retail fuel prices with government guidance under the new fuel-pricing scheme, Peng Sen, deputy director of the National Development and Reform Commission, said at a conference on Wednesday.

Companies, in accordance with market conditions, can make tariff changes within the range set by the government "at an appropriate time", while China's price control authorities will strengthen their supervision, Peng said, clarifying media reports that China will let oil companies set fuel prices.

China, the world's second-largest oil consumer, raised fuel prices for the second time this year on March 20 by more than 6 percent to reflect international crude oil hikes.

The highly controlled fuel tariffs, set by the government and lagging far behind movements in international crude prices, resulted in huge losses at China's top two oil companies and chronic diesel shortages across the country due to refiners' hoarding to ease losses.

China Petroleum & Chemical Corp, or Sinopec, the country's biggest oil refiner, reported a loss of 37.6 billion yuan ($5.97 billion) in its refining sector last year, while its rival PetroChina said its losses in the same sector will be higher than its earlier estimate of 50 billion yuan in 2011.

According to a report jointly released by China Petroleum Enterprises Association and China University of Petroleum, China imported 250 million metric tons of crude oil last year, bringing its foreign oil dependency ratio up to 55.2 percent, up 1.5 percentage point year-on-year.

As a result, oil companies have clamored for a pricing scheme for oil products that better reflects the changes in global oil prices.

Under the current formula, the government may adjust fuel tariffs when the average price of Brent, Dubai and Cinta crude fluctuates more than 4 percent over 22 days. But it did not strictly adhere to the scheme last year amid concerns over elevating inflation.

The NDRC said in February that fuel prices should have increased by 1,500 yuan per ton under the current formula, compared with the actual hike of about 550 yuan per ton last year.

The pricing reform will focus on reducing the frequency of adjustments and improve pricing transparency, Peng said.

Liu Tienan, head of the National Energy Administration, was quoted by Sinopec on its website as saying that he suggested oil companies set retail fuel prices under the current pricing formula, rather than by gaining approval from the top authorities.

It is generally expected that China will reduce the current 22-day pricing cycle to as little as 10 days.

zhouyan@chinadaily.com.cn

(China Daily 03/29/2012 page15)

Today's Top News

Editor's picks

Most Viewed

Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
主站蜘蛛池模板: 成人免费在线视频观看 | 欧美自拍视频 | 国产在线视频一区二区 | 免费在线观看av网站 | 九色网址 | 午夜免费视频 | 午夜aaa | 在线不卡一区 | 亚洲国产二区 | 午夜看看 | 精品1区2区3区 | 国产成人在线免费视频 | 影音先锋中文字幕在线 | 国产一区在线看 | 91一区二区三区 | 欧美韩日| 日韩视频在线观看免费 | 天堂国产| 免费a网站 | 97视频免费 | 黄色网址入口 | 青青草91 | 久久精选视频 | 成人av一区 | 黄色a一级 | 夜夜操夜夜操 | 免费一级大片 | 天天躁日日躁狠狠躁 | 99热国产 | 午夜网 | 亚洲二级片 | 日韩av专区 | 波多野结衣乳巨码无在线观看 | 一级黄色录相 | 国产亚洲一区二区三区 | 爱福利视频 | 女人av在线 | 黄色一极片 | 激情网站在线观看 | 国产福利av | 日韩欧美中文在线 |