Markets > Commodities

Moving average of reference crude oil prices up 6.48 pct by Sept.4

BEIJING
2015-09-06 15:43

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The moving average of the basket of crude oil prices, to which China's product oil prices are pegged, gained 6.48 percent as of Sept. 4 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

September 1

September 4

Change rate

5.4 percent

6.48 percent

September 6 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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