男女羞羞视频在线观看,国产精品黄色免费,麻豆91在线视频,美女被羞羞免费软件下载,国产的一级片,亚洲熟色妇,天天操夜夜摸,一区二区三区在线电影
Chinadaily.com.cn
 
Go Adv Search
Fuel prices raised by 6.5-7%

Fuel prices raised by 6.5-7%

Updated: 2012-03-20 07:36

By Zhou Yan (China Daily)

  Comments() Print Mail Large Medium  Small

The formula allowed for a price hike of 700 yuan a metric ton this time around, but the government limited the increase in consideration of affordability, said the NDRC, China's top economic planner.

"The increase is much higher than the market consensus of about 300 yuan. We reckon it is due to easing domestic inflation and weaker demand on the backdrop of an economic slowdown from previous years," said Wang Jintao, an analyst at chem365.net, an online information provider for the petrochemical industry.

The consumer price index, a main inflation indicator, rose 3.2 percent year-on-year in February, a 20-month low.

China's foreign oil dependency jumped to 56 percent in 2011 from 30 percent in 2000. That's not a sustainable trend in light of the country's long-term demand for oil, so China is using the pricing system to curb excessively rapid increases in oil use, the NDRC said.

Central government subsidies to the agriculture, fishery, forestry, urban public transportation and taxi industries will be provided to offset the price hikes, the authority said.

The frequency of price adjustments - two times in as many months this year - is much more than in previous years. The government raised prices only three times last year.

The change of frequency may be a means for the NDRC to test the public response to increased price volatility, laying a foundation for further reforms, said Cindy Liang, a senior analyst at the energy information provider Platts.

The latest hike could also lift domestic refineries out of the red. These facilities were losing about 600 yuan a ton under the previous fuel prices, Liang said.

China National Petroleum Corp, the country's biggest energy company, lost 50 billion yuan in its refining division last year, Chairman Jiang Jiemin said, adding that the losses would increase this year.

"What is critical now is for the government to provide more clarity into the current scheme, which can give us leeway to adjust production and reduce losses," said Rong Guangdao, chairman of Sinopec Shanghai Petrochemical Co, which has an annual refining capacity of 12 million tons.

There's widespread market speculation that China will reduce the price-adjustment reference period to 10 days, from 22 days, to better reflect volatile global oil prices.

The NDRC hasn't said when it might further reform the pricing system.

   Previous Page 1 2 Next Page  

主站蜘蛛池模板: 铜梁县| 平江县| 张家港市| 来凤县| 平利县| 阳泉市| 贵港市| 方城县| 静海县| 花莲市| 桐柏县| 诸城市| 绥芬河市| 大足县| 彰化县| 兴化市| 东明县| 大冶市| 蒙山县| 淮滨县| 阳城县| 玛纳斯县| 叶城县| 池州市| 平定县| 东莞市| 师宗县| 克拉玛依市| 昌平区| 灵宝市| 昌宁县| 甘孜| 北川| 昔阳县| 康保县| 承德市| 修文县| 永兴县| 绥芬河市| 曲麻莱县| 定安县| 阿荣旗| 嘉黎县| 寿光市| 工布江达县| 无锡市| 腾冲县| 喀喇| 桃园县| 海安县| 静安区| 日照市| 白朗县| 门源| 敖汉旗| 泰顺县| 库伦旗| 华宁县| 衡山县| 松滋市| 西城区| 巴南区| 林口县| 汶川县| 朝阳区| 五莲县| 益阳市| 襄樊市| 定安县| 山阳县| 修文县| 达孜县| 都昌县| 绥滨县| 鄯善县| 白银市| 麟游县| 方山县| 泸溪县| 康乐县| 绍兴市| 泸水县|