It has been nearly four months since the last oil price adjustment, but domestic refined oil prices still do not see signs of adjustment.

During the two sessions of the National People's Congress and Chairman of Sinopec Jinling Petrochemical Co., Ltd. Zhang Dafu proposed to shorten the current domestic oil price adjustment interval from the current one month or so to 10 days, and finally realize the “small step run” of price adjustment. Officials from the National Development and Reform Commission also pointed out that in the next step, the NDRC will make some adjustments to the regulatory system for domestic refined oil prices. However, some experts said that in addition to the lag in the pricing mechanism of refined oil itself, the pricing mechanism is not strictly enforced is a bigger problem.

Shortening the price adjustment cycle to solve the problem of lag in price adjustment

Zhang Dafu said that shortening the current domestic oil price adjustment time interval can not only lead to excessive market speculation caused by excessive transparency of the price mechanism, but also can make domestic refined oil prices closer to the current market and solve the problem of delay in price adjustment.

On the mechanism for the formation of refined oil products, experts interviewed by the “Economic Information Daily” reporter said that the domestic refined oil pricing mechanism has some lags more or less, and it is not a bad idea to shorten the time interval for price adjustment, but the transparency of the pricing mechanism does not cause speculation in refined oil products. The underlying reason is that even if the interval between price adjustments is shortened, speculation is still difficult to avoid.

"A more transparent pricing mechanism is actually the best way to prevent speculation. As far as the time between price adjustments is concerned, it may be too short for 10 days. It is recommended to shorten it to 14 days, that is, a two-week interval." Xiamen University, China Energy Economics Research Center Lin Boqiang said.

Zhong Jian, chief analyst of Eastern Oil and Gas Network, believes that there is no need to shorten the interval between price adjustments. Once it is shortened to 10 days, the fluctuation of international oil prices will be introduced into China more frequently.

It is worth mentioning that the 22-day workday is too long to timely reflect the problem of international oil price changes. Zhou Wangjun, deputy director of the price division of the National Development and Reform Commission, said on January 28 this year that the NDRC will carry out necessary details this year. Adjust and solicit community opinions.

Strict implementation of the pricing mechanism is more important

In addition to the lag in the pricing mechanism for refined oil products, the fact that the pricing mechanism has not been strictly implemented is a bigger issue. Industry insiders are concerned that even if refined oil pricing mechanisms are fine-tuned in the future, it will be uncertain whether the National Development and Reform Commission will implement it strictly.

Zhang Dafu told the "Economic Information Daily" reporter on the 10th that since the implementation of the new refined oil price mechanism, domestic refined oil prices have generally been in line with changes in international oil prices, and initially achieved indirect control with international oil prices. There are still problems such as price adjustments, price adjustment lags and deviations.

In 2009, the domestic refined oil price experienced a total of 8 adjustments, of which 5 were raised and 3 decreased. Zhang Dafu said that five of the price adjustments lags markedly, and that the three price adjustments are contrary to changes in international oil prices, and that only two of the eight price adjustments have fallen by the same magnitude as international oil prices.

"If the pricing mechanism is strictly enforced, the number of price adjustments in 2009 should be 10 times, of which 8 rises and 2 declines, 2 times more than the actual price adjustment, and the total gasoline and diesel prices will also be higher than the actual price." Dafu said.

NPC Deputies and Chairman of Sinopec Shanghai Co., Ltd. told reporters in the Economic Information Daily that “Of course, as an oil company, we hope that the interval between price adjustments can be shortened, so that domestic oil prices will be closer to the international oil prices and more to us. However, at present, the price adjustment interval of 22 working days has not been strictly enforced. How about 10 days? There are too many issues to be considered by the government to adjust oil prices, and it is difficult to implement the mechanism strictly.”

The Terex Control Valve contain Terex air control valve,Terex hydraulic control valve,Terex control valve repair kit,Terex main control valve,Terex pressure control valve,Terex steering control valve.The hot sale products:Terex body control valve15302652; Terex main control valve assy29536518;Terex Cylinder control valve20044397;Terex pressure control valve03417079;Terex pressure control valve 09249220;Terex steering control valve09074897;Terex steering control valve 15252436/15011925;Terex main control valve15046883/15046884.

Terex Control Valve

Terex Air Control Valve,Terex Hydraulic Control Valve,Terex Main Control Valve,Terex Pressure Control Valve

Chengdu Svoda Machinery Equipment Co.,Ltd , https://www.svdequip.com