由于刚刚公布的零售燃油价格下调政策,中国的司机师傅们将会比往常花费的更少,汽油和柴油价格将降低约百分之三。
Chinese drivers will be paying less at the pump as China has just announced a cut in retail fuel prices, starting from Thursday. Gasoline and diesel prices will be lowered by about three percent.
It follows declines in international crude oil prices and it’s the first cut since October.
As expected, China’s top economic planner has announced it would cut gasoline prices by 330 yuan per ton, and diesel prices 310 yuan per ton.The cut is equivalent to about three percent of current prices, and it’s in response to declining international crude oil prices. It’s the third time this year China has adjusted retail fuel prices, but it’s the first cut since October 2011.
The lastest move has triggered discussion regarding the country’s fuel-pricing mechanism. Zhou Dadi, deputy director of the China Energy Research Society says reforms in the mechanism have to be sped up to keep up with the pace of economic growth.
Zhou said, "Retail fuel prices are still relatively low in China. That has caused an imbalance between supply and demand. In the meantime, the government has to subsidize oil firms. This kind of situation will not help build China into a resource-efficient country. So reforming the retail-fuel pricing mechanism is necessary. "
Under the current oil product-pricing system, domestic fuel prices can be adjusted if the prices of a basket of crudes rise or fall by more than four percent over 22 straight working days.
The government has indicated it would change the types of crude oil included in the system, shorten the review period and narrow the trigger range under a revised scheme.