Development and Reform Commission: Domestic Oil Price Release Form or Adjustment

The rise in oil prices once again caught the attention of owners. At this time, the National Development and Reform Commission urgently asked PetroChina and Sinopec to solicit prices for refined oil products. Some analysts believe that the conversion coefficient between the current ton and the rise is not in line with the actual situation, resulting in the loss of ordinary people when prices rise, and should be reformed. Some experts pointed out that the reason is that when the country now adjusts the price of gasoline, it uses 90 gasoline as the benchmark. However, now that the country’s requirements for oil quality have increased, many places are based on No. 93 gasoline. Therefore, based on the original grade ratio, the calculated oil prices are not the same.

Comments: How many tons of gasoline a ton of gasoline can be exchanged for? This requires a factor. However, it is only now known that the country now uses 90 gasoline as the benchmark. The higher the number, the lighter the gasoline. One ton of gasoline No. 93 and No. 97 gasoline are more than No. 90 gasoline. Now most of them are based on No.93 and No. 97 gasoline. If they are still converted by the original coefficient, there is no doubt that the price of oil has been artificially raised. If you can adjust the form of the release, oil prices will be more accurate and objectively cheaper. However, what is more desirable is the announcement of a new refined oil price adjustment mechanism that more truly reflects the changes in oil prices and avoids the status quo that only rises and falls, before it can be regarded as the gospel of the majority of owners.



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