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| Tuesday, 26 October 2010, 11:40 HKT/SGT | |
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Source: Himfr.com | |
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BEIJING, Oct 26, 2010 - (ACN Newswire) - Himfr.com reports that the National Development and Reform Commission will increase domestic gasoline and diesel retail price, gasoline increase to 230 RMB/ton and diesel increase to 220 RMB/ton.
Himfr.com believes that this time to adjust the price that mainly due to the international oil price continue to increase caused.
It is to be noted that this time oil price increase is similar with June decrease range, but the price of crude oil prices during this time increase much. Himfr.com points out that the adjustment of oil price, the national development and reform commission is very cautious, may considering the inflationary pressures, if not adjusted, China with international oil prices gap will further widening.
Himfr.com believes that adjust oil price has little impact on CPI, as gasoline and diesel account for small proportion in CPI, so oil price increase has little influence of the CPI.
For international oil prices future trends, Himfr.com thinks that it is mainly depend on the global economic recovery situation, Himfr.com is expected that oil price continue to increase probability is high.
JPMorgan Chase adjusted the fourth quarter of U.S. crude oil futures price, the average price rose to 81 U.S. dollar per barrel, and also believed that affected by China's strong demand and the United States policy promote, and the oil price will rise to 100 U.S. dollar per barrel in 2011.
According to this situation, within the year, there is still greater possibility domestic oil prices will increase. Himfr.com points out international oil price problem are more complex, with China's gasoline import value reached record, the impact on international oil price will increase in the future.
Contact:
Himfr.com
Tel: +86-10-65569770
Email: my@himfr.com
www.himfr.com/
Topic: Research and development
Source: Himfr.com
Sectors: Energy, Alternatives
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