The price of gasoline and diesel rose 300 yuan per ton or paved the way for refined oil prices

Domestic gasoline and diesel prices have risen for the first time this year. Unlike previous price adjustments, "The long-awaited eruption," the NDRC's price adjustment appears to be more "sudden." The industry believes that the price adjustment may be the signal that the new refined oil pricing mechanism is about to be introduced.

On the evening of the 7th, the National Development and Reform Commission issued a notice and decided to increase domestic gasoline and diesel prices by 300 yuan per ton from the midnight on February 8, and measure the retail price, namely No. 90 gasoline and No. 0 diesel (average) per liter. Increase 0.22 yuan and 0.26 yuan respectively.

Yesterday evening, a person in charge of a private gas station around Beijing told reporters from the “First Financial Daily” that the price adjustment was relatively unexpected and that there was almost no windfall before the price adjustment, and just after the Spring Festival, it did not happen that the oil price would be raised so quickly. He said that, however, the price adjustment is not large, and it is expected that it will not have a major impact on the supply and demand of itself and its surrounding gas stations.

The relevant person in charge of the National Development and Reform Commission explained the price adjustment at this time. On February 2nd, the average moving price of the three types of crude oil in the international market linked to domestic oil prices for 22 consecutive working days rose by more than 4% when the price was lowered on October 9 last year. , to meet the boundary conditions for the adjustment of domestic refined oil prices. However, given that the Lantern Festival is approaching, the time for price adjustment is appropriately postponed.

However, market institutions still expressed surprise at the NDRC’s announcement of an increase in oil prices at this time. Zhu Qing, analyst of refined oil products analyst Chen Qing, said that the rate of change in the international markets linked to domestic oil prices reached the tipping point of the price adjustment of 4%. The Development and Reform Commission has abandoned the usual “delay increase method” to hurriedly adjust the price, which is to avoid The high oil prices that may be triggered by geopolitics have brought about greater fluctuations in domestic refined oil prices.

At the same time, a number of industry sources also said that the price adjustment may be paving the way for the introduction of a new refined oil pricing mechanism. Chen Qing believes that since 2012, the reform of pricing mechanism for refined oil products has become the market-oriented standard. The price adjustment is a precursor to the forthcoming introduction of the new mechanism. Zhongyu Information analyst Wang Jintao also agrees with this view.

In this regard, the relevant person in charge of the National Development and Reform Commission stated that the refined oil product pricing reform program is still in the process of demonstration. After basically reaching a consensus among various parties, it intends to publicly solicit opinions from the public, mainly focusing on shortening the price adjustment cycle and accelerating the frequency of price adjustment. Improving the operating mode of oil product price adjustment, adjusting oil content, and improving the existing mechanism.

The National Development and Reform Commission adjusted its refined oil prices three times last year, including two increases in February and April, and a cut in gasoline and diesel retail prices in October. “Since the price reduction on October 9 last year, domestic diesel resources have continued to be tense, and diesel prices in most parts of the country have faced an upside-down situation.” Li Qian, analyst at Zhuo Chuang Information Oil Products Co., said that with the increase in refined oil prices, domestic The situation of resource shortage is expected to be broken.

However, some organizations believe that the future of gasoline and diesel resources will continue to be tight. Han Jingyuan, market analyst at Treasure Island, a large-product e-commerce platform, said that since mid-February, several refineries under Sinopec and CNPC plan to overhaul, and some refineries in Zhenjiang refinery, Anqing and Wuhan will enter the overhaul gradually. Some refineries in the northeast will enter the inspection and repair from March. The upstream refinery production units will not be optimistic, and the two companies will inevitably tighten the supply of resources. From the perspective of supply and demand, the demand for the post-holiday market has been magnified and the supply of tension has fluctuate.