Economic observation: Who should listen to the oil price adjustment?


Editor's note: The beautiful prophecy of "the domestic oil price" eleven 'diving' has finally been shattered by the fact that oil prices are strong and the NDRC's hints. From the outset, consumers' ambiguities have become truly "unrequited love" under the realistic context of "oil price movements": You are excited to argue that the drop in oil prices is possible economics, even sociological psychology expectations, no matter how pricing mechanism And the oil companies have invariably lost their voices—refinery companies say that the pricing power is not in me, and the NDRC says “watch carefully”. (Extended reading: Consumers cut the price of oil into "unrequited love"? Should be in tune with the public)
"By the market," or "take advantage of the situation," China's oil prices have reached the cross mark.
If, four months ago, Chinese car owners were still worried about whether domestic oil prices would rise to eight yuan, then four months later, the group complained collectively about why Chinese oil prices were international. When the price of oil fell all the way, "with the rise does not follow the fall."
·Development and Reform Commission: In a dilemma
Development and Reform Commission Negotiated New Mechanism for Pricing of Refined Oils Changed 3 Times in 8 Years
"To some extent, the NDRC is holding this meeting today. It is a last resort," the person familiar with the situation told the Morning Post. The recent drop in international oil prices in recent months has triggered the incitement of domestic public opinion: most market players questioned the NDRC's decision to increase oil prices. However, they are strongly dissatisfied with the fact that domestic oil prices have not followed the downward trend of international oil prices.
The Development and Reform Commission is caught in a dilemma.
According to Jiangnan Times, if decision-making departments are to "solve problems" and release public pressure, it is possible to carry out "symbolic" price reductions, but the "sequelae" of this move is also obvious.
According to the “China Youth Daily”: The NDRC originally hoped to push domestic oil prices directly in line with international standards in the face of international crude oil prices.
According to “Financial Weekly”: The refined oil pricing mechanism has been implemented so far as it seems to be in line with the international market, but due to the separation of the National Development and Reform Commission and the two major oil giants, the two major oil giants are much more sensitive to rising international oil prices. The sensitivity to the decline in international oil prices.
According to "Oriental Morning Post": Since last year, when China raised oil prices six times, the National Development and Reform Commission has declared that the purpose of price increases is to digest the pressure of rising international oil prices. People familiar with the matter disclosed that "it is an urgent necessity for the National Development and Reform Commission to hold this meeting." If the oil price rises next time, the reasons for adopting international standards will become pale and powerless. Detailed entry>>>
Consumers: When will we benefit
The price of oil has been raised to match international standards. Who should listen to the shield?
When the relevant departments raised oil prices several times ago, they used oil prices and international standards as shields to resist all parties' queries. The current situation is that our domestic oil price is already higher than the international oil price. According to the theory in line with international standards, the reduction should be appropriate. Why should the relevant departments be so hesitant?
Nearly 60% of respondents believe that China's oil prices should be adjusted downwards
Among the people who selected “oil prices should be adjusted downwards”, 49.51% believed that “Since the domestic oil price is increasing, it will follow the international fuel development trend, and that should be adjusted downwards,” while 36.72% believe that “the current The domestic oil price has generally surpassed the national scope, so it should be moderately adjusted downwards; another 13.77% think that "the domestic crude oil producers have no reason to transfer the high production cost of the crude oil production industry to consumers." (An extension of reading: Xinhua Netizens discusses: Who is the "oil price" to make the people?)
When will consumers benefit? Cannot ignore the interests of consumers
In March and May of this year, domestic refined oil prices rose twice, driving families are very depressed, but nothing, international crude oil prices have been soaring, domestic oil prices in reasonable conditions. No one thought that the current international oil price fell by 20% within three months and began to hover around $60 a barrel. When the price of oil is really only so low, people begin to recover. Is the gas at the gas station cheaper? High oil prices are affecting people’s lives. Will consumers’ interests be ignored and when will they benefit? This discussion has still become the topic of most concern to the people!
·What is the market price of oil prices? Call for pricing reform
The price of oil should be determined by the market that Xi Shi has no "standard image" and price cuts
The international oil price is volatile and our response to the market should also be quick. To adapt to this change may not be accustomed to us. In line with international standards, it is also reflected in our changes in the market, and only in this way can we achieve a truly market-oriented atmosphere. It also allows consumers to feel that the market brings them price changes, oil prices should be a barometer of market changes, oil prices should be the market final say.
Left or Right Finished Oil Price Difficulty Calls for Pricing Mechanism Reform
Following the trajectory of soaring international oil prices, the domestic three major oil companies’ net wealth accounted for more than 100 billion yuan in the first half of the year is a fait accompli. In the first half of the year, PetroChina recorded net income of nearly 80.7 billion yuan, a year-on-year increase of 29.4%, again making Hong Kong the most profitable listed company; the second-largest oil giant Sinopec earned nearly 20.7 billion yuan in net profit in the first half of the year, a year-on-year increase of 14.6%, exceeding market expectations; CNOOC’s net profit exceeded 15 billion yuan. With the help of rising oil prices, the three major oil companies made at least 116 billion yuan in the first half of this year.
Experts: Domestic product oil prices may appear "symbolic" down
"The introduction of oil reform and oil price adjustment is a contradiction," and the reform of the pricing mechanism is difficult to break the deadlock.
An expert in the oil industry believes that there may be a "symbolic" downward adjustment in domestic refined oil prices, but he warned that the move was "aftereffect."

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