Markets > Commodities

Moving average of reference crude oil prices down 6.71 pct by Nov. 20

2015-11-23 10:09

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The moving average of the basket of crude oil prices, to which China's product oil prices are pegged, dropped 6.71 percent as of November 20 from the latest cycle of fuel prices adjustment, according to Xinhua's calculations.

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


November 18

November 19

November 20

Change rate

-7.14 percent

-6.99 percent

-6.71 percent

November 23 is the fourth 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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