www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

  Home>News Center>China
       
 

China to reform oil pricing mechanism
(Agencies)
Updated: 2005-10-30 09:03

BEIJING -- China will reform its long-debated oil pricing mechanism by making the prices of its processed oil more responsive to the global oil price fluctuation, said a senior official here Friday.

The move will help crack down on domestic oil speculation and ensure the supply, said Zhao Xiaoping, director of the pricing department of the National Development and Reform Commission (NDRC) .


A fuel station in Zhengzhou, central China's Henan Province, displays oil prices in this October 14 file photo amid speculations that oil price hike is expected. [newsphoto]

Zhao made the remarks at a symposium held here discussing the price reform of energy and resources, including water, electricity, oil and gas.

China long set the price of processed oil based on the average price of oil products in the Singapore, Rotterdam and New York markets.

However, as the government only adjusts the price of oil products when the international price changes enough, the final price is not only too sluggish for the market but also transparent enough for speculating activities.

Zhao said China will improve the data collection on the Singapore, Rotterdam and New York markets and shorten the period of prices adjustment.

To ensure adequate processed oil supply, Zhao said China will also cut down the fast profit of petroleum mining sector by taxation means and subsidize the oil refiners to encourage production.

Due to the soaring international oil price, China's petroleum mining industry enjoyed huge profits since the beginning of this year, whereas the processing sector suffered huge losses as the processed oil prices was tightly controlled by the government.

Although the government has raised the processed oil prices several times, it is still much lower than the international prices, dampening the enthusiasm for refiners.

As a result, many refiners cut down production and sales of gasoline once become tense in some coastal areas.

Industry insiders held that to subsidize the refiners could ensure the oil supply and prevent oil crunch.

Zhao said the government will also give subsidy to people engaged in related sectors, such as taxi drivers, when the processed oil prices climbed higher.

Yang is a taxi driver in Beijing. Every time the price of gasoline and diesel is raised by 0.3 yuan (3.6 cents) per liter, his expenditure on the fuel in a month will go up by 200 yuan (24 US dollars) to 300 yuan (36 US dollars).

China has raised the oil prices four times since the beginning of this year.



China controls outbreak of bird flu
President Hu arrives in Pyongyang for visit
Chicken vaccinated in Xiangtai
  Today's Top News     Top China News
 

DPRK promises to attend Six-Party Talks

 

   
 

China acts to stop spread of avian flu

 

   
 

Poultry sales in cities hit by outbreak fears

 

   
 

Mainland top tourism officials visit Taiwan

 

   
 

3 New Delhi explosions kill at least 58

 

   
 

Libby indictment adds to White House woes

 

   
  China to reform oil pricing mechanism
   
  President Hu underscores China's role with N.Korea visit
   
  China luring scholars to make universities great
   
  Chile, China to sign free trade accord
   
  US presses China on further revaluation of yuan: report
   
  Vatican urged to translate words into action
   
 
  Go to Another Section  
 
 
  Story Tools  
   
  Related Stories  
   
Oil price has limited impact on economy
   
Oil imports up as prices, demand rise
   
Crude oil prices ease after robust rally
   
Crude oil prices extend slide
   
Oil slides 3.5 percent as Rita weakens
   
Soaring oil price not blamed for late fuel tax
   
Oil leaps above US$70 as Katrina rips through US Gulf
  News Talk  
  It is time to prepare for Beijing - 2008  
Advertisement
         
主站蜘蛛池模板: 337p粉嫩大胆噜噜噜鲁 | 亚洲欧美日韩国产制服另类 | 免费被黄网站在观看 | 萌白酱粉嫩jk福利视频在线观看 | 久久影院在线观看 | 欧美激情精品久久久久 | 成年女人毛片免费观看中文w | 99re热精品视频国产免费 | fc2ppv在线观看 | 国产不卡视频在线观看 | 国产91无套剧情在线播放 | 久久精品国产半推半就 | 欧美手机看片 | 一级做a爰性色毛片免费 | 亚洲深夜视频 | 玖玖精品| 国产成人亚洲综合一区 | 免费特黄一区二区三区视频一 | 日韩一级欧美一级 | 一区二区三区国产精品 | 91国在线高清视频 | 看黄网址 | 精品一久久香蕉国产二月 | 中文字幕乱码中文乱码综合 | 欧洲亚洲综合一区二区三区 | 国产欧美日韩在线观看精品 | 欧美整片在线观看 | 91最新地址永久入口 | 九久久| 伊人波多野结衣 | 国内精品美女写真视频 | 91pao强力打造免费高清 | 久草视频在线资源站 | 三级视频在线播放线观看 | 日韩成人在线观看视频 | 男女猛烈无遮掩免费视频 | 亚洲综合色dddd26 | 99久久国语露脸精品对白 | 日本阿v视频在线观看高清 日本波多野结衣视频 | 女初高中福利视频在线观看 | 精品日韩在线视频一区二区三区 |