The hottest refined oil pricing power to be decent

2022-10-20
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The three giants were questioned about the decentralization of refined oil pricing power, and they were accused of pushing up oil prices

the voice of opposition and concern was one-sided "this is equivalent to pushing up oil prices" -

recently, the news that the domestic refined oil pricing power is expected to be decentralized to the three major oil enterprises was like throwing a boulder on Pinghu Lake, which attracted almost all voices of opposition and concern

on June 8, Lian Qihua, deputy director of the Department of structural reform of the national development and Reform Commission, revealed at the "2011 key work opinions on deepening economic system reform" briefing that the price reform of resource products such as the new refined oil pricing mechanism will be launched within the year. According to the draft for comments issued by the national development and Reform Commission to major domestic oil enterprises, it is proposed that the interval for price adjustment of refined oil will be shortened from the current 22 days to 10 days. The plan under discussion also includes that when the price of crude oil is below 130 US dollars/barrel, it is possible to assign pricing rights to the three major oil enterprises of PetroChina, Sinopec and CNOOC

most friends and even experts believe that the simple decentralization of price power for the product oil will be tantamount to dropping the "time bomb" of rising prices in the market

the decentralization of pricing power may push up oil prices

ZHU Baoliang, deputy director of the Economic Forecasting Department of the National Information Center, said that the reform of the price formation mechanism of refined oil products may mean two major risks. First, if the three major oil majors set prices independently, the domestic oil prices will rise. Fourth, the drying rate of particles may be faster, and the upward pressure on prices will also be greater. Second, the independent pricing of the three giants may also cause great pressure on some private oil refining enterprises

according to the long-term observation on the adjustment of domestic refined oil products, oil enterprises have always played the role of "yeller" of oil price rise in the domestic oil price adjustment cycle due to reasons related to their own interests. Since the second half of 2008, due to the high international oil price and the outbreak of the international financial crisis, the demand for refined oil has been greatly restricted, and the domestic oil market has been oversupplied for a long time. However, the pricing of large domestic oil enterprises has mostly reached the upper limit set by the National Development and Reform Commission, but most of the private oil enterprises make profits to the market. In the first quarter of this year, with the sharp rise in international oil prices, the three major oil companies have submitted exciting and bright annual reports, but there are still major oil companies shouting losses. Back earlier, at the beginning of the national development and Reform Commission's promulgation of the domestic refined oil price formation mechanism in 2009, PetroChina and Sinopec had proposed that when the international oil price was between $80-100/barrel, the oil company could set its own price

it is hard to doubt that once the power is delegated to the three major oil companies, the most direct result is price rise

gradual liberalization is a wise move

in the eyes of most experts, there is no way to talk about marketization of pricing unless the monopoly situation in the oil market is broken

Zhang Bin, an analyst at zhuochuang information, said that the premise of real marketization is that there must be real market players and an open and fair competitive environment. But what is the truth? It is the three oil giants that monopolize all links of oil exploration, exploitation, refining and sales. Hanxiaoping, chief information officer of China energy, also believed in an interview that under the current situation that the domestic refined oil market has not formed a full competitive situation, giving the pricing power to enterprises may not necessarily achieve its original intention of marketization

in the current domestic refined oil market, it is a wise choice to gradually adjust and gradually liberalize on the basis of the current refined oil pricing mechanism

how to reform the old system? The "fine-tuning" method rumored in the market last year is more practical: that is, it is more closely related to the rise and fall of international oil prices. When the oil price change rate reaches 4%, the trigger price adjustment is carried out, and the adjustment is shortened. Next, we will introduce what the functional characteristics of the digital seat belt tension tester are: price time, making the price adjustment mechanism more flexible, which is also conducive to restricting the oil hoarding behavior of the market

"only by allowing private capital and social capital to operate in this field and truly giving consumers the right to consume and the ability to restrict the pricing behavior of enterprises, can we form a fair and reasonable price of refined oil products through full market competition and empowering consumers." Insiders said

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