Markets > Futures

Moving average of reference crude oil prices down 2.31 pct by June 3

BEIJING
2015-06-04 10:34

Already collect

The moving average of the basket of crude oil prices, to which China's product oil prices are pegged, dropped 2.31 percent as of June 3 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

June1

June 2

June 3

Change rate

-2.62 percent

-2.33 percent

-2.31 percent

June 4 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.

Add comments

Latest comments

Latest News
News Most Viewed