The moving average of the basket of crude oil prices, to which China's product oil prices are pegged, grew 7.53 percent as of April 20 from the latest cycle of fuel prices adjustment, according to Xinhua's calculations.
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Table 1: Change of moving average of crude oil price basket |
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Date |
April 16 |
April 17 |
April 20 |
|
Change rate |
6.01 percent |
6.92 percent |
7.53 percent |
April 21 is the seventh 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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