Markets > Commodities

Moving average of reference crude oil prices up 6.15 pct by May 4

BEIJING
2015-05-05 09:09

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The moving average of the basket of crude oil prices, to which China's product oil prices are pegged, grew 6.15 percent as of May 4 from the latest cycle of fuel prices adjustment, according to Xinhua's calculations.

 Change of moving average of crude oil price basket

Date

April 29

May 1

May 4

Change rate

5.02 percent

5.87 percent

6.15 percent

May 5 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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