Markets > Commodities

Moving average of reference crude oil prices up 3.24 pct by Apr. 1

2015-04-02 11:08

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The moving average of the basket of crude oil prices, to which China's product oil prices are pegged, rose 3.24 percent as of April 1 from the latest cycle of fuel prices adjustment, according to Xinhua's calculations.

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


March 30

March 31

April 1

Change rate

4.05 percent

3.07 percent

3.24 percent

April 2 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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