Officials talk about oil price hike background: Oil prices have been the highest in almost a year

Xinhua Beijing, November 9, the State Development and Reform Commission issued a notice, decided to start from 0 o'clock November 10, the price of steam and diesel fuel per ton increase of 480 yuan, calculated to the retail price of 90th gasoline and NO. 0 diesel (national average) per litre increase of 0.36 yuan and 0.41 yuan respectively.　　The director of the NDRC introduced the background of the oil price hike. The official said that the September 30 domestic product prices down, the international market prices by a variety of factors continue to climb. October 21 WTI crude oil futures closed at $81.37 a barrel, reaching its highest level in nearly a year. Up to now the international market for 22 consecutive working days of crude oil moving average price has been significantly more than 4%, according to the current oil price mechanism, the need for a larger increase in domestic product prices.　　Considering the domestic economic situation, the supply and demand of oil products market and the capacity of downstream users, the state has controlled the price increase, and the prices of steam and diesel are increased by 480 yuan per ton. The appropriate increase of domestic oil prices, is conducive to the mobilization of oil refinery production enthusiasm, to protect the domestic market supply, while conducive to the rational guidance of social consumption, promote energy conservation and emission reduction.