Pensen, deputy director of National Development and Reform Commission yesterday revealed that in Changsha domestic refined oil pricing mechanism. This is the first National Development and Reform Commission come forward to explain the new pricing mechanism for refined oil of the rules for the operation.

Evidence-based adjustment in oil prices the day before yesterday

Pensen said that two days ago of the domestic oil price adjustment is based on the new refined oil pricing mechanism. "The mechanism for the cycle to 20 days to assess the international oil prices, such as international oil prices increase daily for 20 days or more than 4% decline should be considered of domestic refined oil prices to adjust."

彭森explained that the end of last year's refined oil prices and fuel tax reform, aimed at the formation of domestic refined oil prices and international crude oil prices controlled indirectly into the pricing mechanism. "This will enable the refined oil prices more realistic and more sensitive to the relationship between market supply and demand." The increase in oil prices the day before because of the continuing rise in international oil prices have more than 20 days.

In accordance with the relevant monitoring data, the price of oil products 20 days ago, Brent, Dubai and Minas crude oil prices an average of three pre-bid price of the benchmark price increased about more than 5%.

"Price adjustment mechanism should be full disclosure"

Xiamen University, China's energy director of the Center for Economic Research伯强Lin said yesterday that the trend of international oil prices, the National Development and Reform Commission have the sufficient basis for price adjustment. "Prior to the fall in oil prices did not last too long, so that the National Development and Reform Commission追涨not only to recover or is not tenable, our main concern is the transparency of information, that is, why tune in the end, what is clear mechanism, it should be full disclosure. "