Complete marketization or re acceleration of refined oil price

The website of the national development and Reform Commission recently released the catalogue of central pricing (Revised Draft for comments) to solicit public opinions. It is mentioned that the price of refined oil is temporarily adjusted according to the current price formation mechanism and the changes of oil price in the international market. It will be formed by the market depending on the process of system reform, indicating that the price of refined oil will be fully market-oriented and then increased. According to jinlianchuang monitoring, with the continuous expansion of domestic refining capacity, diversification of competition subjects, increasing resource supply, increasing pressure of resource surplus, and the situation of oversupply in the future will persist for a long time. At present, the pricing mechanism of refined oil in our country is cost linked method, which can not reflect the change of domestic resource supply and demand. In recent years, the domestic economy is in the period of transformation and upgrading, the growth of oil resource demand slows down, or the best period for the reform of oil product pricing mechanism. The national development and Reform Commission has made it clear that the price of refined oil will be formed by the market depending on the process of system reform. A fair market environment and perfect system construction are important guarantees for the efficient and orderly operation of China's refined oil market. In recent years, the state has continuously promoted system reform for marketization. In the later stage, in terms of tax policy, central and local consumption tax distribution, it will continue to reform to ensure the progress of marketization of refined oil. In the future, with the gradual improvement of the supervision system, the complete marketization of refined oil is the general trend.