Domestic Refined Oil Price Adjustment Is No Longer Reported To The State Council For Examination And Approval.

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The price adjustment period will be shortened to 10 days.

"The reform of the pricing system has only been modified and perfected on the original basis, and there has been no fundamental change."

The experts said that the price adjustment cycle will be shortened, but the valuation cycle is unchanged, that is, 22 working days, "the price adjustment cycle shortened to 10 days has become a consensus among oil companies, industry and other parties."

"Shortening the price adjustment cycle is in line with the market evolution, and it is also in line with the expectations of the two big companies and consumers. The policy can basically be judged as a matter of no doubt."

Liao Kaishun, an energy analyst at Schwann, said.

Aforementioned experts revealed that the pricing reform program of refined oil will change the pricing mode of operation, and will automatically adjust the price.

Liao Kaishun believes that the so-called automatic price adjustment is that the retail price of refined oil will be determined by the NDRC in accordance with the established rules, and the standard of price adjustment should be automatically raised without reporting to the State Council for approval.

This will greatly enhance the speed of domestic retail price being in line with the domestic and foreign market situation.

However, the industry has also worried about the rapid adjustment of the price of the NDRC to meet the price adjustment conditions, because the retail price of refined oil has brought too much response to the domestic market.

Liao Kaishun said that at present, in the sensitive period of domestic price inflation, if the adjustment is too frequent, especially if the number of times of raising is larger or larger, it will cause many unstable factors, and will also cause the country to remain passive in stabilizing prices.

Pricing power will not be delegated temporarily.

As for the pricing power, the experts said that the pricing of the enterprise is still not determined by the pricing mechanism. The pricing power from the factory price, wholesale price to retail price ceiling will be determined by the state.

It is understood that the price management department of PetroChina has drafted a report on the proposal of the "refined oil price system", and proposed to abolish the current wholesale price concept and price control, to raise and unify the national maximum price of gasoline and diesel retail, and to liberate the price of refined oil in individual fields or individual varieties.

This plan has not been adopted.

Liu Feng, an information analyst at Zhuo Chuang, believes that the two big oil companies will get pricing power, and oil prices will go up even worse.

Now the industry thinks that oil prices are rising rapidly and slowing down, and the situation is even more serious after the decentralization.

Traders and middlemen also did not agree with the plan. They all said that the former oil pricing mechanism had "stood at the perspective of domestic oil companies" to protect their interests and keep the "drought and waterlogging" guaranteed all the year round.

If the pricing power is delegated to enterprises, the monopoly market will become more monopolized, which will run counter to the original intention of improving the pricing mechanism of refined oil products.

However, Liao Kaishun said that the decentralization of pricing power will be the ultimate direction of reform. Only because there are no stronger competitors to compete with the two big companies, Shandong's refining industry is too small, CNOOC is not strong enough, and it can only compete in some parts of the country.