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Moving average of reference crude oil prices down 0.15 pct by June 9

BEIJING
2015-06-10 09:43

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The moving average of the basket of crude oil prices, to which China's product oil prices are pegged, dropped 0.15 percent as of June 9 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

June 8

June 9

Change rate

-1.77 percent

-0.15 percent

June 9 is the second 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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