Markets > Commodities

Moving average of reference crude oil prices down 10.4 pct by Dec. 18

BEIJING
2015-12-21 13:00

Already collect

The moving average of the basket of crude oil prices, to which China's product oil prices are pegged, dropped 10.4 percent as of December 18 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

December 16

December 17

December 18

Change rate

-10.01 percent

-10.65 percent

-10.4 percent

December 21 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.

Still, Chinese price regulator the National Development and Reform Commission has decided to suspend adjustment of national benchmark product oil prices due to plunge of international oil prices.

Add comments

Latest comments

Latest News
News Most Viewed