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Shu Shengxiang: Oil Prices Have Fallen. Why Is The Public Not Grateful?

2011/10/10 12:58:00 29

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Declining Oil Prices And Public Sentiment

From 0:00 on October 9th, the state

Development and Reform Commission

The price of gasoline and diesel is reduced by 300 yuan per ton.

This is the first time that domestic gasoline and diesel prices have been cut this year.

Cao Changqing, director of the price division of the NDRC, said there was no doubt that the domestic price of oil would rise or fall.

It should be said that this oil price

Slight reduction

As early as the public

Look forward to

Of course, there is something unexpected.

The expectation is that international oil prices will rise.

Ups and downs

There have been many rounds of decline, of which the main contract price of New York crude oil futures fell from $110 a barrel to 75.67 US dollars from the last price adjustment, and the decline in domestic refined oil prices was obviously long overdue. Unexpectedly, oil prices in Dubai, Brent and Xin TA three after domestic oil products tracked down suddenly in October 5th.

Skyrocketing

It seems that the boundary conditions of oil price reduction have not been reached.

It must be admitted that the NDRC has cut down oil prices this time, though it is very small, it has taken care of the public's call for a reduction in oil prices, and has not strictly handled the existing oil pricing mechanism rigorously.

Unfortunately, the public does not seem to appreciate this, but it still strongly doubts that the price of refined oil has gone up or down, and has slowed down.

Standing in the perspective of public life experience, this is not empty talk.

Where is the problem?

It is in the current pricing mechanism of refined oil itself.

To sum up, there are at least three problems. First, the price adjustment mechanism of "22 consecutive working days" has lagged behind the international crude oil price changes. In fact, the possibility of international oil price rising for 22 days is far greater than that of 22 consecutive days.

Two, the so-called "international oil price" is not monolithic. The crude oil prices of several crude oil trading markets are also separated. The tracking system of the domestic oil pricing mechanism excludes New York, and the reaction to the so-called "international oil price" is obviously not comprehensive enough. The change of oil prices in New York is precisely the most concerned by the domestic media and the public. First, in the concept of "international oil price", the understanding of the public and the pricing authority is different.

Three, the exchange rate of RMB against the US dollar has been rising continuously, and the purchasing power of RMB in the international market has been increasing. The price advantage brought about by the fluctuation of RMB exchange rate is totally excluded. This is obviously unfair.

Of course, besides the refined oil pricing mechanism, the public strongly felt that "rising or falling" and "rising rapidly and slowing down" are also related to the absolute monopoly of "two barrels of oil".

"Two barrels of oil" can completely fluctuate through international oil prices to meet low import low price crude oil, but it does not want to benefit the people at all.

When international oil prices go down, many private gas stations can launch price promotions simultaneously, but the implementation of the "two barrels of oil" gas station is always the highest price. Sinopec will not depreciate in the mainland even in Hongkong.

In view of this, the NDRC should evaluate and perfect the existing oil price adjustment mechanism, and even break the monopoly of "two barrels of oil" in the operation of gas stations, so that the fierce competition of gas station market will bring more benefits to consumers.