from the date of September, the National Development and Reform Commission on gasoline and diesel prices were reduced by 530 yuan / ton, 510 yuan / ton, Taiwan, China and Hong Kong are also two days lowered the price of gasoline and diesel, which in cross-strait three to adjust the prices of gasoline and diesel are rare in history.

From the adjustment, Hong Kong and Taiwan have dropped compared to the mainland (0.43 yuan / liter) to be small. However, January to June 10 this year for the calculation interval, the price adjustment frequency of the Hong Kong and Taiwan than the mainland, the mainland price adjustment only four times, while Taiwan and Hong Kong price adjustment frequencies were 18 and 11 .

industry believes that this is determined by the three different pricing mechanisms.

price adjustment

Taiwan and Hong Kong, often

“First Financial Daily” from the Taiwan region “Petroleum Corporation” learned in the morning, each of gasoline and diesel prices reduced by 0.5 yuan per liter NT $ (NT $ = 0.21 yuan), NT 0.6 yuan. According to the pricing mechanism, its price rises should gasoline NT $ , NT $ 1.1 diesel, but the local oil and gas price rationalization program into effect on April 1, said the Taiwan authorities and oil companies, ” adhering to the principles of the interests of consumers, using another method of calculation, making the drop to have reservations.

some petrol stations the

Hong Kong, yesterday lowered the price of gasoline and diesel, the range of HK $ 0.16 HK $ 0.2 million (HK $ 1 = 0.82 yuan) per per liter.

comparison, the price action in Hong Kong and Taiwan, than Development and Reform Commission on the inland provinces and municipalities on the weekend decline in gasoline and diesel is much smaller.

But this is only a surface phenomenon. View to early January this year to June 10 period, the price-cutting frequency in Taiwan and Hong Kong is very much, overall adjustment is not small.

since early 2012, Taiwan Petroleum “95 The price of gasoline total adjusted 18 times, the highest point of the gasoline is April 2, 35.5 NT $ / l, while the lowest price in two 13 31.7 NT $ / liter. Petroleum Corporation in February, almost every week to adjust the price.

reporter learned that Shell Hong Kong in the first half of this year, gasoline and diesel respectively 11 times and 10 times the price adjustment.

In contrast, the National Development and Reform Commission of refined oil price adjustment this year only four times, respectively in February and March price increases, a price reduction in May and on weekends. This also means that consumers in Hong Kong and Taiwan, you can quickly enjoy the price adjustment promotions.

Also worth noting is that with petrol, for example, early January, the Mainland of 7.61 yuan / liter (93 gasoline), June 10, the price of 7.64 yuan / liter; Hong Kong SAR of HK $ 16.45 in early January / l June 10, at 16.29 HK $ / liter; in Taiwan were 31.3 NT $ / L (95 # gasoline) and NT $ 33 / l. The same period, Cinta crude oil spot price on June 8 for $ 105.92 / barrel, January 3 at $ 113.37 / barrel; / barrel of Brent crude oil futures price June 8 for $ 99, January 3 $ 112.13 / barrel; the FOB price of Dubai crude, the Asian market place of origin, June 8 for $ 97.15 / barrel, January 3 at 106.11 U.S. dollars / barrel. International crude oil prices were lower than the beginning price.

pricing mechanism is different

three places

retail price of gasoline and diesel have followed the international oil price fluctuations, the difference is that the pricing mechanism.

Hong Kong has over 320 gas stations. According to the data of the Hong Kong Consumer Council, the local five refined oil retail companies, including Sinopec, PetroChina, Shell, Esso and Caltex.

latest price statistics show that in the oil pricing is the cheapest, Sinopec, Shell and Esso is very close to, belong to the mid-range, the highest is the Caltex gas station. The difference of HK $ 1 per liter of petrol in the oil and Caltex.

Notwithstanding the differences, but they all refer to one month before the Singapore unleaded petrol and vehicle diesel FOB “to determine the retail price of gasoline and diesel.

According to the Hong Kong authorities, reason why the use of overseas refined oil (rather than crude oil) price as the pricing coefficient is due to Hong Kong has no oil refineries, and retail are imported refined oil.

“And, despite the more the price adjustment, the number of Hong Kong, but compared to the crude oil price fluctuations in frequency are still quite few. This is because the Hong Kong Petroleum imports of refined oil per month 1 to 3 times, and will generally maintain the inventory of a certain period of time. Simply put, its products are sold, in fact, over the past few weeks of imports of gasoline and diesel products. So, even the Hong Kong region, the amplitude of its oil price movements, compared to the international market have also been lagging. “a petroleum retail business the management briefed reporters.

while Taiwan is estimated that more than 2000 gas stations in the price adjustment of the reference to “Dubai and Brent (70% and 30%) of crude oil price, and every Sunday announced a new oil.

to price adjustment, the main reference for 80% of the previous week and this week the average price of crude oil magnitude. Compared to Hong Kong, this pricing system so that the Taiwan region, the number of gasoline and diesel price adjustment seems more range may be greater.

price adjustment indicators

the National Development and Reform Commission, with reference to the Brent, Dubai and Cinta crude oil futures price, and in accordance with international oil 22 days moving average price changes of more than 4% may be thus compared to Hong Kong and Taiwan, the price adjustment time more slowly.

brokerage analysts pointed out that “22 days and 4% set by the National Development and Reform Commission,” This price adjustment start conditions, which often cause the price of crude oil fell for a long time, but the Mainland still can not be reduced steam diesel price down is not timely “.

Moreover, this provision of 4%, and more conducive to rising oil prices, will lead to “up fast or slow”. For example, when crude oil prices rose 4 percent from $ 100 / barrel (ie, up $ 4), can increase the price of gasoline and diesel; but $ 104 a decrease of 4% (ie, down $ 4.16), the Mainland in order to price erosion. This is also the refined oil pricing mechanism imperfect.

news that the Development and Reform Commission is preparing a new pricing mechanism. Which experts had predicted that the pricing mechanism reform will reduce the pricing cycle, adjust the affiliated oil (such as the introduction of a greater decline in crude oil varieties), decentralization of pricing to businesses and other aspects.

Insiders pointed out that the pricing mechanism of the contrast to Hong Kong and Taiwan, Mainland pricing mechanism needs to be changed is still shorten the pricing cycle “it.

(tune anchored after two oil types and the decentralization of pricing) the terms of refined oil products in the Mainland refer to the oil originally package and comprehensive; In addition, even if the pricing to businesses, if you are still on 22 days “, then a cycle gasoline and diesel in the Mainland moment with the desire of the international oil price changes will be difficult to achieve.

background information:

this year, the mainland of China four times to adjust oil prices 2 up 2 down

June 09, 2012, gasoline and diesel per ton, down 530 yuan, 510 yuan

May 10, 2012, gasoline and diesel per ton, down 330 yuan, 300 yuan

March 20, 2012, petrol and diesel oil per ton were raised by 600 yuan

February 08, 2012, petrol and diesel oil per ton were raised by 300 yuan

follow-up:

refined oil prices in July or cut again

international oil prices:

international oil prices again lower on the New York crude oil fell 0.85%

factors to guide the international oil prices, a sudden “change of face”