The new plan for refined oil pricing has been drafted or implemented for 3 days at 14 days

According to the monitoring data from the China Petroleum Futures Network, on November 30th, the weighted average price of crude oil in the three oil prices in the three countries reached 5.48%. According to the currently implemented "Oil Prices Management Measures (Trial)", the weighted average price change has exceeded the red line of the price adjustment of 4%, and it also meets the quantitative requirement of "22 working days."

However, in the face of the price adjustment window, the National Development and Reform Commission still does not move. This situation has occurred many times this year.

"No matter how the cost of crude oil changes, the price of refined oil is not adjusted, and how much we adjust, we have no end in mind. This is more passive for our business." A person from Sinopec Huanan Sales Company told reporters that "it is said that the current plan is new. It has been reported to the State Council and hopes to implement it as soon as possible."

The new plan mentioned by the above-mentioned person refers to the new oil product pricing plan led by the NDRC.

“The new plan has indeed been finalized. Taking into account operational reasons and other reasons, it is mainly based on the original program to adjust the range and time.” A person from the Energy Research Institute of the National Development and Reform Commission told reporters.

The above-mentioned sources admit that the current "22-day 4%" price adjustment standard is indeed more lagging than the international crude oil price change, and has directly led to the emergence of speculative arbitrage and other issues.

Regarding the new plan after the adjustment, Lin Boqiang, an energy expert who had participated in discussions on the pricing mechanism of finished products, believes that the rate of 4% can be reduced to 3%, and the original 22 days can be shortened to about 14 days. However, this reporter is still unable to determine whether this content is consistent with the new plan.

A person at the Energy Research Institute of the National Development and Reform Commission said: “At present, due to high inflationary pressures and large fluctuations in international crude oil prices, relevant national decision-making departments are still waiting for an opportunity to delay the introduction of new programs in order to maintain a relatively stable overall domestic price. ."

In addition, in order to increase the transparency of refined oil pricing, Lin Boqiang urged that while domestic refined oil prices closely follow international oil prices, the oil giant’s refining costs should also be further transparent. “After all, half of domestic crude oil is supplied by itself. Imports only account for half."