Provinces, autonomous regions and municipalities and Xinjiang Production and Construction Corps Development and Reform Commission, Price Bureau, China National Petroleum Corporation, China Petroleum & Chemical Corporation, China National Offshore Oil Corporation:
According to the recent changes in international oil prices, considering the current economic situation at home and abroad, the domestic oil market supply and demand, according to the current oil pricing mechanism, decided to lower oil prices. Hereby notified as follows:
First, oil production companies for the military and the Xinjiang Production and Construction Corps, the state reserves of gasoline and diesel (standard, below) to reduce the supply price of 300 yuan per ton, adjusted gasoline and diesel supply prices are per ton 8280 yuan and 7430 yuan. Other oil price adjusted accordingly. Adjusted standard oil prices in Annex A. Non-standard product prices by the oil production enterprises in accordance with state regulations to determine the quality ratio.
Second, for the transportation, civil aviation and other special users of gasoline and diesel supply the highest price equal reduced. Adjusted gasoline and diesel supply the highest standard price of 8680 yuan per ton respectively, and 7830 yuan. Non-standard products supply the highest price from the oil production enterprises in accordance with state regulations to determine the quality ratio. Which, for the railway, fisheries, forestry, agriculture, gasoline and diesel supply prices oil prices Zanan for military implementation.
Meet the qualifications of private companies supply the highest wholesale price, retail price reduced by up to 400 yuan OK. When the market retail price is lowered, the supply of private wholesale enterprises price should be reduced accordingly to maintain the spread of not less than 400.
Specific supply price can not exceed the maximum supply price under the premise of consultation by both parties.
Third, local gasoline and diesel to reduce the maximum retail price matching. Adjusted provinces (autonomous regions and municipalities) and central cities of gasoline and diesel retail price of the highest level in Annex B. Provinces (autonomous regions and municipalities) in charge of prices required to adjust the ratio of quality gasoline and diesel retail prices of the highest non-standard products.
Refined oil retailing enterprise may not exceed the maximum retail price under the premise of self-development of specific retail prices.
Fourth, gasoline and diesel to reduce the maximum wholesale price matching. Contract by the supplier to the retail and distribution enterprises, the maximum wholesale price at the maximum retail price to determine the upside down 300 yuan; the contract is not agreed upon distribution, the highest wholesale prices from the provinces (autonomous regions and municipalities) in charge of prices on the basis of 300 yuan, consider factors that determine the transport charges. When the market retail price is lowered, the wholesale price should be reduced accordingly to maintain wholesale and retail price difference is not less than $ 300. Provinces (autonomous regions and municipalities) in charge of prices required to develop non-standard products of the highest-quality ratio of the wholesale price.
Refined oil wholesale enterprises can not exceed the maximum wholesale price of the premise, in consultation with retailers to identify specific wholesale prices.
Fifth, the highest gas prices for the military and other departments in accordance with the gasoline supply with prices 90 to maintain the parity between 0.92:1 to determine, both supply and demand can not exceed the maximum prices negotiated under the premise of specific prices.
Sixth, the adjusted price from at 0:00 on October 9, 2011 implementation date.
Seven, PetroChina, Sinopec, CNOOC's oil companies to continue to play a regulatory mechanism within the upstream and downstream interests, balancing the interests of good relations between all sectors to ease the difficulties in refining business, while making oil production and transporting of convergence, to ensure market supply, in particular, to strengthen the comprehensive coordination and emergency dispatch, to ensure that oil demand of agricultural harvest autumn species, and urge the implementation of state-owned enterprises in strict price policy.
Eight departments at all levels should strengthen the price the price supervision and inspection, crack down on price behavior, and earnestly safeguard the stability of oil markets. At the same time to strengthen oil market dynamics and price monitoring, abnormal situation, timely reporting and response measures with the relevant departments.
Nine provinces (cities, districts) authorities and the oil price, Sinopec Group Company in at 18:00 on October 9 price adjustment before the implementation of the program, and problems of the market price of the price report I appointed Secretary (Fax 010 -68502194)
Attached: First, the supply of refined oil price adjustment table
Second, the provinces and autonomous regions and cities of gasoline and diesel retail price of table top

National Development and Reform Commission
October 8, 2011
Today, the National Development and Reform Commission issued a notice, decided at 0:00 on October 9 from gasoline and diesel prices were lower 300 yuan per ton. This reporter and interviewed a number of hot issues related to National Development and Reform Commission relevant responsible person.
(A) Q: Since August, the rapid decline in international oil prices, why only now reduced domestic oil price?
A: Under the existing pricing mechanism, the domestic oil price adjustments are based mainly on the international market for some period of time-related changes in crude oil prices, that is, the international market of crude oil a day a few days or a price change is large, the domestic refined oil prices may not be adjusted, only when the international oil market-related species for 22 days moving average price changes more than 4%, the state will adjust the domestic prices of refined oil, mainly in order to avoid volatility in international oil prices led to oil prices frequent adjustments.
April 7 this year, domestic oil price adjustment, the international market in general showed high and volatile oil price trend, specific trends can be divided into three stages. First, late April to early May, the international oil prices continue to shock upstream. U.S. West Texas Intermediate crude oil (WTI) light and the UK North Sea Brent crude oil futures prices rose as high as $ 110 per barrel and $ 120 or more high; domestic oil price adjustments in the three oil price reference reached 120 dollars a barrel, far more than the current oil price mechanism provides 4% of the price adjustment boundary conditions. However, taking into account the capacity of downstream industries and the upward pressure on general price level, domestic oil prices with international market without a corresponding increase in crude oil prices. Complement the downstream business in accordance with the interests of upstream regulatory mechanism, crude oil prices factor in the internal digestion. Second, since early May, the high international oil prices hovering. European and American economic recovery slowed by the impact of international oil prices once there was a substantial decline, after, WTI and Brent crude oil futures price per barrel has been maintained at between $ 90-110 and $ 105-120; three kinds of crude oil prices by 22 working days, although decreased, but remained at between $ 110-115 per barrel, price cuts did not meet the boundary conditions. Third, the international market since early August, oil price shocks down. As the United States and Europe is increasing the debt crisis hit investor confidence, coupled with concerns about the market economy in Europe and America second bottom, falling international oil prices shocks, especially in accelerated decline since late September, October 4, WTI and Brent crude oil prices fell to $ 75.7 and $ 99.8 per barrel. If the price just from the point of comparison, international oil prices from the previous high of $ 120 per barrel down to current levels, the decline does more than 4 percent early on, but for 22 days moving average price of view, there is a gradual process of decline, the recent price adjustment only 4% of the boundary conditions, the state decided to reduce domestic oil price appropriate.
The reduction in domestic oil prices, operating costs will help reduce the social and ease upward pressure on overall price level, and promote steady and rapid economic development.
(B) Q: Recently, some Internet users claim that domestic oil prices "rose more or less", "up fast or slow." What do you think?
A: The end of 2008, oil prices and the tax reform program since the implementation of the domestic oil price adjustment in 16, including ten liters six down the overall price level has increased, but this was mainly due to rising international oil prices result. Since 2009, international oil prices fluctuated amid a general rising trend, the U.S. West Texas Intermediate crude (WTI) and the British North Sea Brent crude oil prices, respectively, from $ 35 a barrel in early 2009 and rose to about $ 40 now 80 dollars and 100 dollars, the highest in April this year rose to $ 114, respectively, and $ 126 or so, or more than 200%. From the domestic market, international oil prices to mitigate the impact on the domestic market, the state considering the domestic economic situation, the capacity of all sectors of society and other factors, the price of oil has been properly regulated, the domestic refined oil price mechanism should be increased by 70 % or more, but the actual increase is only about 50%.
As for the "fast or slow up" issue is completely non-existent. Operations in the oil price, domestic oil prices to be raised every time, because they have to consider the impact on downstream industries, and inflationary pressures, the state is not only proper control price rises, but also often delayed price adjustment time; every international market, oil prices fell sharply, state that the prevailing international market prices and the level when the last price adjustment in time corresponding to the drop down domestic oil prices. Therefore, price adjustment operation time to read, there is no "fast or slow up" problem. This is from the "international and domestic oil prices since the end of 2008 comparison chart" can be clearly seen.
In our analysis, consumer misunderstanding of the reasons why, mainly due to oil prices and the price adjustment mechanism is more complex operating methods; and because the valuation period of 22 days moving average price, although smoothing the peaks and valleys oil change , but the objective will lead to domestic price changes are not synchronized. We are currently summary assessment of the existing oil pricing mechanism, these questions will focus on improving in the next step to improve the price mechanism to be studied.
(C) Q: You mentioned countries are summarized assessment of refined oil pricing mechanism, the next step to improve the existing mechanism does the direction and content? When will introduce a new mechanism?
A: December 2008 oil price and tax reform to establish the current oil price formation mechanism. More than two years, the price mechanism to run more smoothly overall, the effect was to ensure regular supply of refined oil market, oil market to promote the orderly competition and enhance sustainable development of enterprises and public awareness of fuel economy. Moreover, with the price of domestic oil market continues to accelerate the process, producers, operators and consumers the ability to adapt to changing market conditions and the gradual increase awareness for the future goal of achieving market-oriented reforms laid the foundation. But the price mechanism also exposed during the operation of the price adjustment period is too long, lack of transparency mechanisms and other issues.
As the domestic oil market system is imperfect, the government still need to carry out the necessary monitoring oil prices. To continue to promote the market of refined oil price reform process, to ensure market supply and stabilize market order, the state will be within the framework of existing institutional mechanisms, focusing on reducing the price adjustment period, accelerate the price adjustment frequency, improving the oil price adjustment mode of operation, and adjust the oil types anchored etc., to further improve the oil pricing mechanism. Reform is currently in the process of feasibility studies, to be opinions from all sides basically reached a consensus, to choose the launch.
(D) Q: It is understood that domestic refineries are still losing money, prices have gone down the state will take measures to protect the domestic market supply, maintain the market price of the order?
A: Since the international market this year, a sharp rise in oil prices in general, the state considering the domestic economic situation, the capacity of various social factors, and increased domestic efforts to control oil prices, oil refining business has been losing money. In this regard, the state adopted a series of measures, in particular requires oil companies to give full play internal roles upstream and downstream interests of the adjustment mechanism to balance the interests of good relations between all sectors to ensure the stable supply of refined oil market.
Recently, the international market oil prices, refinery production costs decreased, but domestic oil prices, the situation is difficult to reverse the loss of oil refining enterprises. Therefore, the price adjustment, the authorities have clear requirements in the petroleum, petrochemical, CNOOC Limited will continue to play within the enterprise role in the upstream and downstream interests of the adjustment mechanism to ease the difficulties refiners, oil well production and transporting of convergence, optimize product structure, to ensure market supply; and strengthen the comprehensive coordination and emergency management, especially in the autumn harvest of agricultural species to ensure oil demand. Meanwhile, authorities at all levels will increase the market price supervision and inspection, and severely punished the state price policy does not perform as well as hoarding, spreading rumors, price collusion, ride prices and other illegal activities, maintain a normal market order. (Such as Tong)