International crude oil prices fell 9.2% on week Domestic oil prices remained indifferent

International oil prices fell by 9.2% last week. However, domestic oil product price adjustment targets have not changed much and they are still positive. Experts said that if the international crude oil price maintains the current price, at least until the end of this month can not exceed 4% of the price adjustment "red line." Some consumers believe that the domestic oil price adjustment index urgently needs to be revised.

(Reporter Wang Fei) “The international crude oil price has dropped to 86 US dollars a barrel. The current domestic gasoline price is set at around US$105. Crude oil has fallen by nearly 25%. Did PetroChina and Sinopec make no progress? "On the 4th, netizens wrote "Soup noodles" in their Weibo. New York's September light crude oil price and the Brent crude oil settlement price plummeted more than 9% last week, but domestic refined oil prices remain at the highest levels in history, and many people questioned it.

International oil prices fell to a five-month low. Concerned by the US economic outlook and the dollar’s ​​rise, on the 4th, the New York crude oil price plummeted by US$5.30 to close at US$86.63 per barrel, a decrease of 5.8%, since February 18th. Lowest closing price. On the 5th, as investors' concerns over the spread of the European debt crisis eased, international oil prices rebounded and ended the fifth consecutive losing streak, but remained down 9.2% for the entire week.

According to the National Development and Reform Commission's domestic refined oil pricing mechanism, domestic refined oil price adjustments must satisfy two conditions at the same time. First, there are 22 working days in a row. Second, the average price of crude oil prices in the three markets in the international market changes by more than 4%.

Under the background of a nearly 10% drop in international crude oil prices, what is the domestic refined oil price? The reporter learned yesterday that the current price of domestic refined oil remains at the highest level in history. The retail price of the No. 93 gasoline on the Guangdong market is as high as 7.89 yuan per liter, while the price of No. 97 gasoline in the Guangdong No. 4 standard is as high as 8.54. Yuan/liter.

“On August 4, after the international crude oil price plummeted, according to our calculations, the domestic product oil price index was +1.3. (Note: When the index is greater than +4, it means that the domestic refined oil price can be raised; when the index is less than -4, it means that the domestic finished product Oil prices can be adjusted downwards. On the 5th, the price adjustment index was also greater than +1,” said Yao Daming. “This means that domestic refined oil has not yet reached the price reduction standard, and there is also the possibility of price increases!”

Domestic jet fuel prices “rising against the market”

It is precisely because of this that the NDRC has not lowered the price of domestic refined oil but instead raised domestic jet fuel prices. On August 1st, the National Development and Reform Commission raised the ex-factory price of domestic aviation kerosene to 7,725 yuan per ton, while the comprehensive purchase cost of aviation fuel from CAO was adjusted from 7,700 yuan/ton to 7,785 yuan/ton, an increase of more than 1%. .

Affected by this, the airline quickly raised the fuel surcharge of the domestic segment of more than 800 kilometers from RMB 10 to RMB 150.

The reporter inquired that the fuel surcharge on domestic routes had hit a level of 150 yuan. At that time, the international crude oil price level was around US$140.

While the fuel surcharge on domestic routes increased on August 1 due to the increase in jet fuel prices, many airlines lowered their fuel surcharges on international routes instead. This shows that the cost of jet fuel purchases abroad is decreasing. The cost of purchasing jet fuel in the country has been rising.

The price difference between petrol and diesel oil was more than 1,000 yuan per ton. "The change rate of crude oil in the three places is calculated based on the crude oil prices in Brent, Dubai and Xinta. The average price for the first 22 working days before the price adjustment is used," Yao said. Daming said, "If the international oil price stays at the current price (calculated at Brent's $107/barrel), at least until August 23, the crude oil rate of change in the three places will reach -4.1, that is, domestic refined oil will reach the price reduction standard."

However, if international crude oil prices continue to fall, dropping by another 5% on the basis of the closing price on August 4th, by mid-August, the crude oil crude oil rate of change in the three places will reach the standard of -4, and domestic oil products will soon become Lower prices in the middle of this month.

Although the NDRC has not lowered the maximum retail price, the current wholesale price of gasoline and diesel has fallen all the way. The wholesale and retail price difference has reached more than RMB 1,000 per ton. Some private petrol stations have already begun price reduction promotions, with the highest price reduction of 0.4 yuan/liter, but they occupy Guangdong. The PetroChina, Sinopec, and other oil giants in the province that exceed the Wucheng petrol station have not joined the list of price promotions.