Markets > Commodities

Moving average of reference crude oil prices up 7.08 pct by May 6

2015-05-07 09:37

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The moving average of the basket of crude oil prices, to which China's product oil prices are pegged, grew 7.08 percent as of May 6 from the latest cycle of fuel prices adjustment, according to Xinhua's calculations.

Change of moving average of crude oil price basket


May 4

May 5

May 6

Change rate

6.15 percent

6.64 percent

7.08 percent

May 7 is the eighth 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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