International Crude Oil Prices Fell 9.2%&Nbsp Per Week, And Domestic Oil Prices Remained Unmoved.

International oil prices last week

"International crude oil prices have dropped to $86 a barrel, and now the domestic gasoline price is set at a price of about $105, crude oil has fallen by nearly 25%. What is the movement of PetroChina and Sinopec?"

On the 4 day, netizens "soup noodles" in their micro-blog wrote.

New York's September light crude oil futures price and Brent crude oil futures price fell more than 9% last week, but domestic oil prices remained at the highest level in history, and many people questioned.

international

Worried by the US economic outlook and dragging down the US dollar, New York crude oil futures price plunged 5.30 US dollars on the 4 day, closing at $86.63 a barrel, or 5.8%, the lowest closing price since February 18th.

On the 5 day, as investors worried about the spread of the European debt crisis, international oil prices recovered, ending five consecutive falls, but still down 9.2% throughout the week.

According to the NDRC's pricing mechanism for domestic refined oil, the domestic oil price adjustment must satisfy two conditions at the same time, one is 22 consecutive working days, two is the international market three crude oil price moving average price changes exceed 4%.

International crude oil prices

"In August 4th, after the collapse of international crude oil prices, according to our calculations, the domestic oil price adjustment index was +1.3 (Note: when the index is greater than +4, it means that the domestic refined oil prices can be raised; the index is less than -4, indicating that domestic refined oil prices can be lowered"); on the 5 day, the price adjustment index is also bigger than +1, "Yao Daming said." this means that domestic refined oil is not only up to the price reduction standard, but also has the possibility of price rise. "

Domestic aviation oil prices "go against the market"

Because of this, the NDRC not only lowered the price of domestic refined oil, but also raised the price of domestic aviation oil.

In August 1st, the NDRC raised the ex factory price of domestic aviation kerosene to 7725 yuan per ton, while the comprehensive procurement cost of aviation oil purchased from China aviation oil was adjusted to 7785 yuan / ton from 7700 yuan / ton, or more than 1%.

Affected by this, the airline quickly raised the fuel surcharge of 800 km above the domestic section to 10 yuan to 150 yuan.

The reporter inquired that the fuel surcharge on domestic routes once hit 150 yuan, when the international crude oil price level was about 140 dollars.

While fuel surcharges on domestic routes rose in August 1st due to the rise in the price of aviation oil, many airlines reduced the fuel surcharge on international routes. This shows that the cost of purchasing aviation oil by foreign airlines is decreasing, while the cost of purchasing aviation oil in China has been rising.

Gasoline and diesel wholesale and retail

"The change rate of crude oil in three places is calculated according to the crude oil prices of three places in Brent, Dubai and inta, and the average price of the 22 working days before the price adjustment is adopted." Yao Daming said, "if the international oil price is kept at the current price (calculated by Brent $107 / barrel), at least until August 23rd, the change rate of crude oil in the three places can reach 4.1, that is, the domestic refined oil will reach the price reduction standard."

However, if international crude oil prices continue to fall and fall by 5% on the basis of closing prices in August 4th, then by the middle of August, the rate of change of crude oil in three places will reach the standard of 4, and the domestic refined oil will be lowered as soon as possible in the middle of this month.

Although the NDRC did not cut the maximum retail price, the wholesale price of gasoline and diesel has been dropping all the way. The wholesale price difference has reached more than 1000 yuan per ton. Some private oil stations have begun to reduce prices to 0.4 yuan / liter, but the oil companies that occupy more than 50% of Guangdong's oil stations, such as PetroChina and Sinopec, have not joined the ranks of price promotions.