The average price of crude oil in the three places of reference for the domestic oil price is more than 7% higher than the price of the last refined oil product, far exceeding the “red line†of 4%, so the “window†of domestic oil price adjustment has been opened. However, industry insiders expect that the price adjustment of refined oil will be delayed until after the Spring Festival. Some analysts said that the last price adjustment date was December 22, 2010. It has now reached 22 working days and it has reached the theoretical price adjustment window. According to the monitoring data of the Energy Research Institute's Xiwang Energy, on January 6, 2011, the prices of crude oil in the three regions (Brent, Dubai, Xinta) that were referenced by domestic refined oil price adjustments have exceeded 4%, and recently, three. The change rate of the weighted average price of crude oil in the region has reached 6.99%, far exceeding the “red line†of price adjustment. Due to the impact of factors such as comprehensive insurance, stable prices, and anti-inflation, the price adjustment of refined oil products may be delayed beyond the Spring Festival.
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