Core Tip: from the July 27 date, there has been noticeable increase in international oil prices. On the 26th of this month is the National Development and Reform Commission to adjust the prices of refined oil time window, the industry is expected to increase domestic oil prices likely very large.
Chongqing Evening News reported on August 23 is the 26th this month, National Development and Reform Commission to adjust the prices of refined oil window, and from July 27 to date there has been noticeable increase in international oil prices. The industry is expected to domestic oil prices will increase the possibility of very large.
According to the information easy to trade statistics, as of August 20, Brent, Dubai and Cinta three weighted price of crude oil reached 70.12 U.S. dollars / barrel, which is better than July 27 of the weighted average price has risen 9.61 percent. Under the National Development and Reform Commission announced in May the “management of oil prices (for trial implementation)”, that is, on the 26th of this month to meet domestic oil price adjustment of the time window.
“From the last adjustment of finished oil prices so far, the international oil price has risen nearly 10 percent, so we expected to be finished on the 26th raised the possibility of oil prices very high.” Income Liao Shun-wang energy analyst said: “If you want to completely international standards, then the increase in the prices of refined oil to meet 20 percent range. ”
According to trade information easily measured, if on the 26th to the Brent, Dubai and Cinta three weighted price of crude oil remained at around 70 U.S. dollars, it is estimated that domestic gasoline, diesel fuel increases by about 430 yuan / tons; if the price reached about 71 U.S. dollars, increase the rate to reach 500 yuan / ton.
Oil and gas analyst with the Guangdong Provincial Chamber of Commerce, Lian-Bi, said: “The possibility of oil price increases are very large, it is estimated that the increase of 300 yuan / tons, the market more receptive.”
