Study On The Main Problems And The Reform Strategy Of China’s Refined Oil Prices’ Formation Mechanism

As industrial society "blood", the basic industry in various industries, the marketdevelopment of the oil industry has a market of strategic importance to the nationaleconomy. Eighteen Third Plenary Session of accelerating the development of themarket, let the market play a role in resource allocation policy objectives. With theincreasing development of economy and living standards, the refined oil market isfast being extended to ordinary people, but also the development of oil prices isundoubtedly the lives of citizens of the growing influence. Deepening of the market,making genuine market-oriented pricing mechanism is referred to the government’sagenda up. Non-market of refined oil pricing mechanism defects become apparent,but also makes the further reform and improve China’s refined oil pricing mechanismto become a major social focus of attention problems.This paper describes the implementation of China’s refined oil market,market-oriented pricing mechanism specific context and meaning, and the relatedresearches carried out a comprehensive assessment, and introduced the idea of writingthis article. Then the history of the reform of China’s refined oil pricing mechanismhas been described and analyzed the current situation and the lack of development ofChina’s refined oil pricing mechanism. Then introduced as a result of the impact ofinternational economic development, international capital speculation andgeopolitical aspects, world oil prices fluctuate frequently and at a high state of theinternational oil market situation; and analyzes the United States, Japan, South Koreaand India refined oil pricing mechanism the history and current situation, they have asimilar situation in China, to provide a reference in our geographical location, andother aspects of oil dependence. Finally, learn from the successful experience offoreign countries on the basis of proposed improvement of refined oil pricingmechanism comments and suggestions, proposed a new pricing mechanism shouldmeet the requirements of the refined oil pricing mechanism reform efforts andsupporting the reform should be completed measures.