This year, the National Development and Reform Commission under the new pricing mechanism for oil products twice the price of oil products, recently announced the international oil daily for up to 20 days (or) increase more than 4%, considering the adjustment of domestic oil prices on the pricing details It can be said from the market-oriented, transparent pricing mechanism a step further. At the same time, seven ministries, the Ministry of Finance jointly issued the "Regulations on the implementation of refined oil prices and financial subsidies after the tax reform of the implementation of views" to the system of protection of vulnerable groups, industries and subsidies, oil subsidies have changed for the past defects is not strong.

More transparent pricing mechanism has also brought certain problems. Easily due to the formation of parties is expected to price adjustment, contributing to social hoard oil inventories ahead of time or delay into the oil speculation. Speculative demand for such changes will lead to short-term market fluctuations, and interference with business-to-market supply and demand Refinery judgment. However, if the price adjustment will be fuzzy treatment, is expected to disrupt the community, then another and the market runs counter to the direction of reform and the impact of corporate investment decisions. From the Government's point of view, to retain a certain degree of pricing flexibility is sometimes necessary, but does not strictly enforce the pricing mechanism, would affect the credibility of the Government. In this way, on the choice of facing a dilemma.

Since the March 25 price of refined oil, the full 20 working days, whether it is the current price of crude oil futures prices, or different oil prices rise more than 4 percent have been setting the standard, such as WTI and Brent crude oil spot average price rose 8.3 percent, respectively, and 11.3%; and Dubai and Minas crude oil price increase are more than 12%, according to details of refined oil price increase should be. The reason is not price, the price adjustment may be due to the week in a substantial drop in oil prices trend, but too difficult to judge the short-term trend in oil prices to average 20 working days as the price adjustment is to remove the basis of their short-term fluctuations, thus the oil 12 days the trend of prices as a reason for non-price adjustment mechanisms and pricing inconsistent and undesirable.

The main reason is the phenomenon in order to curb speculation on the price control, which is inevitable following the introduction of pricing rules as a consequence. In fact, the phenomenon of speculation can have a more rational approach, such as increasing the frequency of price adjustment, as some developed countries as unrealistic transfer a day, if the tune changed every Monday, then we would curb speculation, to a large extent the occurrence of the phenomenon .

In addition, China can hardly control the trend of international oil prices, and half of oil imports. International Energy Agency in accordance with the investment of the existing judge of the expected shortage of oil supply next will appear in the next few years, when international oil prices likely to rise again, so the next level of high oil pricing mechanism under the control principles and method it is necessary to determine in advance in order to be prepared as soon as possible.

From the existing situation, a high degree of domestic market-oriented industry to demonstrate the competitiveness of most of rising prices of the characteristics of steady decline, consumers also benefit. Refined oil pricing mechanism should take into account not only current but also long-term policy-making should have adaptability, must have sustainability. To clear price signals, the maintenance of a competitive market of oil products to enterprises to reduce costs, increase oil refining and marketing aspects of the efficiency and competitiveness, is the long-term solution. (Yee-South)