Development and Reform Commission: Petrol and diesel prices increased by 310 and 300 yuan respectively on the 22nd

International Energy Network News: According to the National Development and Reform Commission announced on the 21st, the price of gasoline and diesel will be increased by 310 yuan and 300 yuan per ton from the midnight on the 22nd, equivalent to the national average retail price of 90 gasoline per liter. 0.23 yuan, No. 0 diesel increased 0.26 yuan per liter.

Liu Zhenqiu, deputy director of the Development and Reform Commission’s Price Department, said that since the price of domestic refined oil was raised on October 26, crude oil prices in the international market continued to fluctuate. So far, the average moving price of crude oil in the international market for more than 22 consecutive working days has exceeded 4%. According to the current mechanism for the formation of refined oil prices, domestic refined oil prices should be appropriately raised. “Comprehensively considering the current price situation and the supply and demand situation in the refined oil market, the state has appropriately postponed the price increase period and controlled the price increase rate.”

According to the National Development and Reform Commission, on December 20, prices of US West Texas crude oil and British North Sea Brent crude oil prices rose to US$88.81 and US$92.74 per barrel, respectively, reaching the highest level since early October 2008.

After the refined oil price adjustment, the Chinese government will continue to subsidize grain-growing farmers, fisheries, forestry, urban public transport, and rural road passenger transport in accordance with established subsidy policies, and provide temporary subsidies to the taxi industry.

The relevant person in charge of the Ministry of Finance's Economic Development Department told the reporter that taking into account the impact of diesel price increases on grain costs in recent years, the central government will further increase the level of comprehensive subsidies for grain farmers' agricultural resources and effectively protect the interests of grain farmers. All localities will comprehensively consider factors such as price adjustment of refined oil and liquefied gas, and prices of other household necessities, and continue to do a good job in basic livelihood protection for difficult groups such as urban and rural residents.

The Development and Reform Commission stressed that in order to control the price adjustment chain reaction, after the adjustment of refined oil prices, the urban public transport, rural road passenger transport, railway passenger and freight transport prices, and civil aviation fuel surcharge standards will not increase. Strictly control the price adjustment of road passenger transport. The price adjustment of refined oil products directly affected the overall price level of residents in the month, which rose by about 0.07 percentage points.

Liu Zhenqiu said that the adjustment of refined oil prices will help mobilize the enthusiasm of oil companies for production and imports, ensure the supply of domestic markets, and at the same time curb unreasonable consumption, promote energy-saving emission reduction and economic restructuring.

He said that last year, China's oil dependence on foreign trade reached 53%. From January to October this year, China imported 188 million tons of crude oil, which is a year-on-year increase of 20%. It is expected that the annual external dependence will be close to 55%. Giving full play to the adjustment and guiding role of price levers, restraining the excessive growth of oil consumption, and promoting the transformation of economic development methods and resource conservation are realistic and inevitable choices.