Under the current pricing mechanism, today (May 9) the domestic oil price increases of the window period will be officially opened. Industry analysts opinion, if international oil prices next week to maintain the current low rate of change of the three fell to 4% does not rule out, that means that the market may be "escaped" the oil price increase.
International oil prices fall
As the U.S. dollar rise, demand reduction and Petroleum Exporting Countries (OPEC) may increase other news, the 5th international crude oil prices plummeted. New York and London, oil prices fell more than 8%. The New York Mercantile Exchange, light sweet crude for June delivery plunged $ 9.17 futures price to close at $ 99.80 a barrel, down 8.39%. This is a New York oil prices since the first time since early March this year, fell below 100 U.S. dollars per barrel. New York oil prices decline to 14.7% last week.
Affected by this drive, one of the indicators of domestic oil price adjustment that three international oil prices begin to drop, the rate of change. Wang, according to energy information monitoring, May 3 weighted average price of crude oil changes in the three reached the highest value of this round of 7.01% adjusting period after the opening turned down 4 6.99%, compared to 6.97% 5.
Do not rule out changes in oil prices less than 4% rate of return
Some analysts said that since April 7 raised domestic oil prices since most of the international oil prices are rising, the fall in short-term decline in the rate of change had little effect. But he also said that if next week, Brent crude oil prices remain at levels below 110 U.S. dollars (5, Brent crude oil closed at $ 110.80 per barrel), the rate of change does not rule out the three will return to the level of 4% .
For the future movements in oil prices that many analysts believe the dollar and other factors will lead to short-term bearish on oil prices, but oil prices still in the long term rising channel.
"Next week, how changes in international oil prices is hard to say, but based on previous experience, and to consider the factors of domestic inflation, the increase in domestic oil prices is very likely to continue to delay." Analysts said.
This means that if the Government continues to delay the time oil prices rise, but this time the international oil price has remained relatively low level, the domestic oil price increases will not meet the conditions.
Asked why the reduction is difficult?
In accordance with the refined oil pricing mechanism to the mainland, when the international price of oil for 22 consecutive days three to 4% of the rate of change, the domestic refined oil prices can be adjusted. Liao Shun said that the current rate of change rose three places to 6% or more, even if international oil prices next week, more powerful, it is only possible within a 4% slide positive. To achieve a negative rate of change, but also to more than 4%, very difficult, must be continued and sharp decline in international oil prices.
Today, Taiwan's oil prices down link
Taiwan's Chinese Petroleum Corporation disclosed yesterday at the site, the early morning of May 9, Taiwan's gasoline and diesel prices will be lowered from NT 0.6 liter. Company said, as international crude oil prices lower, with oil prices decline by 4.41% formula, the gasoline and diesel prices down 0.6 per liter of the NT. Adjusted retail price of unleaded gasoline 95 32.6 NT 98 34.1 NT retail price of unleaded petrol, are translated into RMB 7.4 yuan per liter, respectively, and 7.74 yuan per liter.
Analysts said the pricing mechanism in Taiwan is a tune a week, and mainly based in Dubai and Brent oil prices to adjust. Characteristics of the week is a tune more closely linked with international oil prices, as international oil prices fell sharply when short-term, oil prices down quickly, but when international oil prices, oil prices rose on something else. Development and Reform Commission said late last year to adjust refined oil pricing mechanism, then the timing is not appropriate for calling without success. (Zhong Jingjing)