Markets > Commodities

Moving average of reference crude oil prices down 2.51 pct by Dec. 3

BEIJING
2015-12-04 09:59

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The moving average of the basket of crude oil prices, to which China's product oil prices are pegged, declined 2.51 percent as of December 3 from the latest cycle of fuel price adjustment, according to Xinhua's calculations.

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

Date

December 1

December 2

December 3

Change rate

-0.49 percent

-2.78 percent

-2.51 percent

December 4 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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