Markets > Commodities

Moving average of reference crude oil prices down 7.04 pct by Aug. 6

BEIJING
2015-08-07 09:14

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The moving average of the basket of crude oil prices, to which China's product oil prices are pegged, dropped 7.04 percent as of Aug. 6 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

August 4

August 5

August 6

Change rate

-6.33 percent

-6.78 percent

-7.04 percent

August 7 is the third 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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