Industries > Energy

Moving average of reference crude oil prices down 2.78 pct by Dec. 2

BEIJING
2015-12-03 08:54

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The moving average of the basket of crude oil prices, to which China's product oil prices are pegged, declined 2.78 percent as of December 2 from the latest cycle of fuel prices adjustment, according to Xinhua's calculations.

Table 1: Change of moving average of crude oil price basket

Date

December 1

December 2

Change rate

-0.49 percent

-2.78 percent

December 3 is the second working day in current 10-working day cycle.

Under current mechanism, benchmark prices of gasoline and diesel will be adjusted every 10 working days except when the adjustment is less than 50 yuan/tonne. The unrealized change would be counted into the following cycle of price adjustment.

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