Oil price not to be raised during the Dragon Boat Festival

According to Xinhua News agency, Beijing, May 28, the head of the National Development and Reform Commission said 28th that oil prices will not rise during the Dragon Boat Festival. But for the June oil price will not adjust the problem, the official said: "This is not easy to say." Earlier, media reports, Sinopec chairman Su said last week that the price adjustment will be announced by May 28, the community's oil price adjustment is expected to soar again. The frustration of the oil companies ' expectations suggests that although oil prices can be adjusted under the new oil pricing mechanism, the factors that determine the price adjustment are not just the profit and loss of the oil producers, but also other economic and social factors.　　The departments concerned are cautious about the adjustment of oil prices. According to the official release of the oil price management method (trial) in early May, "when the international market crude oil 22 consecutive working days, the average price changes more than 4%, the corresponding adjustment of domestic gas and diesel prices." Some professionals pointed out that the last price adjustment of March 25 as the starting point, May 28 is a possible price adjustment point.