January 13, the National Development and Reform Commission issued "on further improve the refined oil pricing mechanism for the issue of notice" (the "Notice"). After the introduction of the new mechanism, it has aroused widespread concern.
"Notice" should be made to set the oil price regulation upper and lower limits, that is, when international oil prices above $ 130 a barrel, domestic gasoline and diesel maximum retail price not to mention less mention; when the international oil prices below $ 40 a barrel , gasoline and diesel maximum retail price is no longer cut, which is equivalent to adjust refined oil prices set a "ceiling" and "floor."
Refined oil prices can dynamically manage the interests of both producers and consumers to ensure the smooth operation of the national economy. National Development and Reform Commission in May 2009 issued the "oil price control measures (Trial)" on the states: "When international oil prices below $ 80 a barrel, according to the normal processing margins calculated oil prices than every. $ 80 a barrel, the beginning margin deduction processing, processing until the zero profit calculated according to oil prices. when above $ 130 a barrel, according to both the producer, consumer interests, the principle of maintaining the smooth operation of the national economy, to take appropriate taxation policy to ensure the production and supply of refined oil, gasoline and diesel prices in principle, provide or less mention. "
"In 2008, the oil price formation mechanism of the development process, the State Development and Reform Commission has set up $ 40 'floor price' arrangements." Insider recalls, but the period of time when the international oil prices rise quickly, society in general does not believe that the international oil price could fall to $ 40 a barrel, therefore, the final published document only announced the "ceiling price." Since the second half of 2014, international oil prices plummeted, refined oil price adjustment unequivocal "floor price" issue is on the agenda again. It is estimated that the average cost of a barrel of oil production in the world's major oil producers in more than 40 US dollars, while domestic oilfields under development since the late complex geological conditions and other factors, the higher the average cost of production barrels of oil.
National Development and Reform Commission pointed out that low oil prices is not conducive to long-term healthy development of China's oil industry, is not conducive to the development of new energy and alternative energy. At present, China's dependence on foreign oil has exceeded 60 percent, refined oil prices continued to fall, will make oil and gas industry under difficult situation of low oil prices increased pressures affect China's domestic crude oil production stability, undermine China's crude oil self-sufficiency, is not conducive to energy security .
In addition, the New Deal in which he mentions the liberalization of LPG prices, the oil price adjustment simplifies operation and other practices, the process will be the market price of oil and gas greatly step forward, the current refined oil price adjustment mechanism will also be with the future oil and gas reform program introduced, end their historical mission.