The Research Of Chinese Refined Oil Pircing Mechanism

As the “blood” of modern industry,the petroleum, which has important economicsignificance and strategic significance. With the development of economy, the last10yearsour country from a net exporter of oil into a net importer of oil, and oil imports in thedomestic energy consumption in proportion to grow day by day.At present, China’s oilimports, the processing capacity of crude oil and refined consumption are ranked second inthe world. Visible product prices with the development of our national economy and each ofthe people are increasingly linked, refined oil price and price change directly related to thenational economy and the people of various aspects of the interest. Long-term since China’sproduct prices unified by the government. with the domestic and international economicenvironment, and the change of the supply and demand change, this kind of pricingmechanism drawbacks has been out, reform is imperative. In1998, took the product pricesand market reform of the first step, then after several adjustment of product form the currentpricing mechanism, and that is when the international "the three places" crude oil prices for22consecutive weekday adjustment by over4%, the government of the domestic refined oilprice adjustments.Duo to international economic development, international capital speculation andgeopolitical effects, world oil prices frequent fluctuations and running at high levels, thesefactors are transmitted to our country product prices up. Because our country current pricingmechanism has disadvantages of hysteresis, product prices can’t correctly reflect thedomestic supply and demand relations, China’s oil enterprises cannot participate in the worldof refined oil pricing formulation, so the reform of the current oil price mechanism isparticularly urgent.On the base of the former research achievements,combined with the work practice,to China’s oil and refined oil price forming mechanism were analyzed in detail. Combed theour country each stage of crude oil and refined oil price forming mechanism and itsadvantages and disadvantages, foreign typical countries to the product price mechanism are analyzed and using for reference. Focus on the influence of oil price on the studies andanalyzes the factors, such as the impact of the cost of crude oil prices and oil processing cost,business expenses and taxes for a detailed analysis. Because the price is not only is theembodiment of the value and, at the same time, the effect of by supply and demand, thispaper also affect the price of refined oil to market factors are analyzed, such as domestic oilsupply and demand of market characteristics, our country product oil inventorycharacteristics influence factors were analyzed. Finally in foreign successful experience wasput forward on the basis of perfect our country’s oil price forming mechanism of opinionsand Suggestions, and puts forward a new price mechanism should meet the requirements,product oil price forming mechanism reform and reform should complete supportingmeasures, In the current market environment, to the current reform of mechanism of productprices put forward four Suggestions.