Markets > Commodities

Moving average of reference crude oil prices up 0.82 pct by Nov. 9

BEIJING
2015-11-10 09:41

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The moving average of the basket of crude oil prices, to which China's product oil prices are pegged, grew 0.82 percent as of November 9 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

November 5

November 6

November 9

Change rate

2.23 percent

1.41 percent

0.82 percent

November 10 is the fifth 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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