International reference price drops below 4% domestic oil price reduction expected at end of month

According to the Beijing Morning News report: Domestic oil price "vane"-three of international oil prices fell more than 4% "red line", domestic oil prices in the new cycle of downward expectations of a rapid increase.　　The latest monitoring of energy sources in the domestic Energy Information network shows that if the most recent domestic oil price adjustment date is the benchmark date, as at July 16, Brent, Dubai, Sinta crude oil weighted average price fell by 4.26%. According to the domestic new price mechanism regulation, China's refined oil prices with the international market of crude oil prices are indirectly linked to the control, and the international oil price of 22 consecutive working days moving average price rise and fall 4% set to the "Red Line": When the international market-related oil prices rose more than 4%, the domestic product prices increased accordingly;　　, the price of domestic refined oil is correspondingly reduced. In recent days, the three references to oil prices gradually diffuse the "red Line", before July 15, New York oil prices have been under $60 per barrel intertwining. July 15, the three-place oil price fell close to 4%, to 3.8%, and on July 16, the three-way decline was a breakdown of 4%.　　If the international oil price trend without complications, its rate of change negative to below 4% is a foregone conclusion.　　The latest price adjustment of domestic products is the starting point for June 30, so this month 27th will be another valuation period deadline, so the market began to speculate in the domestic oil prices when the arrival of new pricing, domestic car owners are expected to usher in the second time this year. But whether domestic oil prices will eventually be lowered is still a mystery. Because in the new pricing mechanism, the decline of international oil prices is only a necessary condition for the downward adjustment of domestic oil prices, not sufficient conditions.　　The National Development and Reform Commission said that the adjustment of oil prices "not only reflects the international market oil price changes and enterprise production costs, but also consider the domestic market supply and demand relationship, not only reflects the scarcity of oil resources, but also take into account the capacity of all aspects of society." The National Development and Reform Commission last week, in reading the hot issue of oil prices, said, "The country in the last price increase when the appropriate regulation, the price has not been adjusted in place." "Taking the June 30 price adjustment as an example, at that time, reference to the benchmark crude oil 22 working days moving average price of 67 U.S. dollars per barrel, compared to June 1 22 working days moving average prices rose by 17.2%, but the domestic product price increases by less than 10%."