Markets > Commodities

Moving average of reference crude oil prices down 11.90 pct by Dec. 22

BEIJING
2015-12-23 10:17

Already collect

The moving average of the basket of crude oil prices, to which China's product oil prices are pegged, declined 11.90 percent as of December 22 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 18

December 21

December 22

Change rate

-10.40 percent

-11.20 percent

-11.90 percent

December 23 is the sixth working day in the current 10-working-day cycle.

Under China's fuel pricing mechanism, benchmark prices of gasoline and diesel are adjusted every 10 working days except when the adjustment is less than 50 yuan/tonne. The unrealized change will be counted into the following cycle of price adjustment.

Add comments

Latest comments

Latest News
News Most Viewed