Enter the new year, the international crude oil prices decline unabated. 12, will usher in 2015 domestic gasoline and diesel price adjustment of the first window period, the market forecast, the domestic refined oil prices ushered in the new year"s first fall has no suspense. The cut if the trip, the country"s most provinces and cities in the retail price of 93 liters of gasoline will be more than 5 years after the first step into the era of five yuan".
Up to now, the latest data released by the Xinhua news agency, the oil price system show that in January 8th the average price of a basket of crude oil was negative 9.56%. According to this measure, the domestic gasoline and diesel prices down about 350 yuan per ton.
January 12th is the tenth working day of the valuation cycle. Because OPEC countries still refused to cut production, international oil prices closed lower 9, which makes the price adjustment window when the arrival of domestic gasoline and diesel prices are expected to be further clear.
Because of the global crude oil market oversupply continued unabated, investors worried about the state of mind, since late June 2014, the international crude oil prices continue dropping. In 2015, continued pessimism on the pattern of supply and demand is expected, the international crude oil prices fell again and again, light crude oil futures in New York commodity exchange has fallen below $50 a barrel, London Brent crude oil futures prices approaching $50 a barrel, two have reached nearly five year low.
Our country in March 2013 after the completion of the end of the refined oil price formation mechanism. According to the new mechanism, the domestic gasoline and diesel prices according to the international market price of crude oil changes every 10 working days adjusted once, when the price adjustment range of less than 50 yuan per ton, not to adjust, into the next adjustment when the cumulative or offset.
Since July 2014, in the international crude oil prices continue to fall under the influence of domestic refined oil retail prices also appear rare situation. Excluding November 28, 2014 refined oil prices due to the consumption tax hike to offset the price adjustment is not adjusted, the oil price adjustment will usher in the eleven down".
Since late June 2014, Brent and WTI crude oil futures prices have dropped more than 55%, while domestic gasoline and diesel prices have reached a low of more than five years, but the decline is only 20%.
The market mechanism analysis, the two gap is mainly due to the formation of the development of domestic retail prices of refined oil price mechanism, is based on the international oil price as the benchmark price, according to the exchange rate conversion ratio, tons of barrels for domestic prices, coupled with the domestic processing and circulation costs, and ultimately determine the retail price is the price ceiling, and not with the international oil price formation a absolute. In addition, the domestic refined oil quality upgrade policy, as well as the end of two for the 2014 time in a row of refined oil consumption tax increases and so on the formation of domestic oil prices. On the whole, the domestic refined oil retail price rise and fall affected by the international oil price but not completely consistent, and the domestic refined oil price formation mechanism is also playing a role in stabilizing the domestic oil price.
However, in November 28, 2014 December 12th, the two oil price down are "experienced" consumption tax hike, the market worried about oil prices in the five Yuan era this key price before the consumption tax hike will again face the "goal" in vain?
China"s gasoline and diesel consumption tax adjustment is based on the 2009 promulgated the "Provisional Regulations on consumption tax regulations", "Consumption Tax Taxable Items, tax rate adjustment, decided by the state council". Therefore, as long as the Ministry of finance, the State Administration of Taxation submitted to the State Council, after the approval of the State Council, you can adjust the consumption tax rate.
Oil prices will undoubtedly conducive to people"s livelihood, but the price is an important lever to regulate consumer behavior, in oil prices fall, a new worry: low energy prices began to rise, is not conducive to the adjustment of China"s energy consumption structure and ease the pressure on resources and the environment, and cause problems for structural adjustment and is promoting energy saving and emission reduction. From this point of view, the possibility of adjusting the consumption behavior by re adjusting the consumption tax is not without. But China consumption tax to achieve what kind of level of economic and social development is the most favorable, to close up the consumption tax, the relevant departments to conduct a comprehensive assessment of the objective and open to the public should also be the necessary procedures.
International oil prices downward has had a huge impact on the middle reaches of petrochemical enterprises and terminal retail sectors. According to the JOYOU information, the average profit in 2014 the main refinery refinery by 770 yuan / ton high fell sharply about 60% to 305 yuan / ton; and local refineries survival more difficult, refining has been at a loss situation. For gas stations, gasoline and some profit, but the profit level of diesel is limited, is facing a loss.
