Short-term downward adjustment of domestic oil prices is hopeless

On the three trading days of this month, international oil prices reached a roller coaster. Following the sharp fall on October 4, on October 5th, international oil prices soared. Among them, the price quoted on the London Intercontinental Exchange crude oil contract rose by 2.95%. Return to 100 US dollars / barrel, to close at 102.73 US dollars / barrel. According to China's refined oil pricing mechanism, domestic gasoline and diesel price adjustments in the short term are still hopeless.

According to China's refined oil pricing mechanism, when the international oil price changes for more than 4% of the moving weighted average price for 22 consecutive working days, domestic oil prices may be adjusted accordingly. As of the 6th, the monitoring agency's monitoring of the international oil price rate of change is only about negative 1%, meaning that the domestic gasoline and diesel prices adjustment in the short term is hopeless. So far, the maximum retail price of domestic gasoline and diesel has not been adjusted for six consecutive months.