National Development and Reform Commission: International oil prices exceed US$130 per barrel and domestic refined oil prices will not be raised for the time being
Xinhua News Agency, Beijing, June 29 (Reporters An Bei, Shen Cheng) The National Development and Reform Commission stated on the 29th that in order to reduce the burden on downstream users and consumers and reduce the operating costs of the real economy, with the approval of the State Council, when the international oil price exceeds After the upper limit of US$130 per barrel, domestic refined oil prices will not increase in the short term (no more than two months). If the international oil price exceeds the upper limit of US$130 per barrel for more than two months, relevant policies will be clarified in advance. measure.
The relevant person in charge of the National Development and Reform Commission stated that the proportion of my country’s oil production outside the country exceeds 70%. According to the current refined oil price mechanism, the domestic refined oil price is based on the crude oil price in the international market (the average price of the 10 working days before the refined oil price adjustment). Changes are adjusted every 10 working days. According to the relevant provisions of the “Measures for the Administration of Petroleum Prices”, when the international oil price exceeds the upper limit of 130 US dollars per barrel, the prices of gasoline and diesel will not be mentioned or mentioned less in principle.
In order to ensure the safe and stable supply of refined oil, the Ministry of Finance and the National Development and Reform Commission jointly issued a notice stating that when the price of crude oil in the international market is higher than the upper limit of the national regulation of refined oil price, the price of refined oil will not be raised in stages, and the central Finance provides corresponding price subsidies to oil refining enterprises.
The notice clarifies that 10 working days (corresponding to the refined oil price adjustment window period) are calculated as a cycle, and the subsidy standard is the amount that should be adjusted but not adjusted for the highest retail price of gasoline and diesel in this cycle. The amount of subsidy is the actual sales volume of gasoline and diesel oil refining enterprises in the cycle, and is calculated based on the actual sales volume of gasoline and diesel oil paid by the enterprise for consumption tax.