The price adjustment window of China oil price depends on the increase of international oil price. According to June 20 16 and 1, the National Development and Reform Commission issued the Measures for the Administration of Petroleum Prices, in which Article 6 clearly regulated the pricing of domestic refined oil market, namely

1) When the crude oil price in the international market is lower than USD 40 per barrel (inclusive), the refined oil price shall be calculated according to the crude oil price of USD 40 per barrel and the normal processing profit rate.

2) When the price is higher than $40 per barrel and lower than $80 (inclusive), the price of refined oil is calculated according to the normal processing profit rate.

3) When it is higher than $80 per barrel, the processing profit rate is deducted until the refined oil price is calculated according to the processing zero profit.

4) When the price is higher than $0/30 per barrel (inclusive), according to the principle of giving consideration to the interests of producers and consumers and maintaining the stable operation of the national economy, appropriate fiscal and taxation policies shall be adopted to ensure the production and supply of refined oil, and the prices of gasoline and diesel oil shall not be raised or lowered in principle. "

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