Markets > Commodities

Moving average of reference crude oil prices down 1.19 pct by July 2

BEIJING
2015-07-03 14:14

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The moving average of the basket of crude oil prices, to which China's product oil prices are pegged, declined 1.19 percent as of July 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

June 30

July 1

July 2

Change rate

-0.73 percent

-0.98 percent

-1.19 percent

July 3 is the eighth 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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