Markets > Commodities

Moving average of reference crude oil prices up 2.75 pct by Apr. 2

BEIJING
2015-04-03 14:21

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The moving average of the basket of crude oil prices, to which China's product oil prices are pegged, rose 2.75 percent as of April 2 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

March 31

April1

April 2

Change rate

3.07 percent

3.24 percent

2.75 percent

April 3 is the sixth 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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