Is the drop in oil prices good or bad, and what are the effects?

时间:2014-12-16 18:24 作者:admin 点击:
In 2014, the oil price had its first ever "ten consecutive decline". The domestic refined oil market has been suppressed, and it will also hit the largest decline in the year.
Oil prices, which have fallen for half a year, are still falling. The adjustment window for domestic refined oil prices has opened again. The last round of oil price cuts was “being stranded” due to the high consumption tax.
On what basis are my country's oil prices adjusted?Domestic refined oil prices and international oil prices are conditionally linked, and refined oil prices are adjusted in a timely manner based on the crude oil prices of my country’s main import source countries. Ten working days constitute a pricing cycle.In ten working days, the average price of crude oil imported from all over the world in ten days is used as the benchmark price, and compared with the benchmark price of the previous round of pricing cycle, according to the price increase or decrease, the National Development and Reform Commission will increase or adjust the price. Lower the highest retail price of refined oil.When the price increase or price decrease of refined oil is less than RMB 50 per ton, which is equivalent to less than 5 cents per liter, the retail price will not be adjusted for the time being to save social costs, and will be added or offset when the adjustment is included in the next pricing cycle.
After people have hailed that car refueling is cheaper, calmly think about it, is it good or bad for the continuous decline in oil prices?What is the underlying reason?What impact will it have on our lives?
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