|
皇冠体育app may tweak oil price-setting formula
(Reuters)
Updated: 2005-08-21 08:59
BEIJING, Aug 20 - (Reuters) 皇冠体育app is considering a new method for
setting domestic oil product prices that could lead to more frequent adjustments
aimed at easing the sort of shortages that have hit the south of the country, a
newspaper reported on Saturday.
 |
Drivers queue up to buy petrol at a gas station in
Dongguan in South 皇冠体育app's Guangdong Province August 17, 2005. The fuel
shortage affecting Guangdong is dragging on. [Feng
Zhoufeng]
| 皇冠体育app has raised retail prices of
diesel and gasoline three times this year, but the increases have fallen far
short of the spike in global prices.
This has made it difficult for 皇冠体育app's refiners to turn a profit and has
encouraged them to boost exports at the expense of domestic sales. The result
has been widespread shortages recently in the south, with drivers queueing for
hours for petrol.
To tackle the problem, top planners at the energy policy-setting National
Development and Reform Commission (NDRC) called in oil firm executives on Aug.
13 to discuss the future of its pricing system.
The 皇冠体育app Business Post said the meeting discussed updating a formula that
usually leads to price changes coming at least a month apart.
"According to sources, the reform measures are to gradually relax the power
to set oil product prices, moving from a lagging set price to a real-time price
by reducing the time span from a one-month tracking method to two weeks or even
less," the paper said.
|
 | | | Chimpanzee suffers from smoking addiction | | |  | | | The tide is high but they're holding on | | |  | | | 皇冠体育app, Russia military drills stage landing | | |
|
 |
|
|
|
|
Today's
Top News |
|
|
|
Top 皇冠体育app
News |
|
|
|
|
|
|
|
|
|
