China Is Likely To Raise Domestic Refined Oil Prices This Month.

　　 investment bank Credit Suisse issued a report that China is likely to raise domestic prices this month due to the recent rise in international oil prices. Refined oil price 。

According to Reuters, credit suisse In the report, if the finished oil price is raised by 3%, the domestic refinery can absorb the cost pressure, and the profit margin this month is expected to be flat.

Caixin reported that the low value of the dollar exchange rate, as of yesterday's close, the New York Mercantile Exchange November delivery of light crude oil futures prices rose 41 cents, to close at 83.23 U.S. dollars / barrel, intraday rose to 84.09 U.S. dollars / barrel, the highest price since May. London market Beihai Brent crude oil futures rose 22 cents to close at 85.06 U.S. dollars / barrel.

According to the "oil price management measures (Trial Implementation)" issued by the NDRC, the domestic refined oil prices can be adjusted correspondingly when the international market crude oil moves for more than 4% consecutive 22 working days. The latest oil price adjustment of the NDRC was in June 1st. The price of gasoline and diesel decreased by 230 yuan and 220 yuan per ton respectively, a decrease of about 2.8%-2.94%.

Between July 22nd and July 29th this year, international oil prices continued to fall, meeting the requirements of refined oil price adjustment. However, the NDRC said that crude oil price fluctuations did not meet the boundary conditions of price adjustment, and did not initiate price adjustment measures.