First, refined oil futures should be a futures product with no threshold.
Similar to fuel oil futures. As long as the age meets the requirements: 18-70-year-old investors can reserve futures accounts, and it is expected that refined oil futures will be listed this year. In the latest "14th Five-Year Plan", it is mentioned that in terms of refined oil, Shanghai will form a north-south oil supply system, and aviation oil will form a supply pattern of "two factories, three warehouses and three Puhong airports". The supply of gasoline and diesel will include two refineries, namely Shanghai Petrochemical and Secco.
Two, refined oil in accordance with the "refined oil measures" implementation.
(Order No.23 of the Ministry of Commerce in 2006) Article 4 Refined oil refers to gasoline, kerosene, diesel, ethanol gasoline, biodiesel and other alternative fuels that meet the national product quality standards and have the same uses. Refined oil is made of crude oil, which is divided into six categories: petroleum fuel, petroleum solvent and chemical raw materials, lubricant, paraffin, petroleum asphalt and petroleum coke.
To sum up, all countries have formulated product standards to meet the needs of production and use. The maximum retail price of refined oil will be raised from 0: 00 on February 25th, 20 13. According to the national average price, the retail price per liter will increase by 0.22 yuan and 0.25 yuan respectively. From 0: 00 on March 27th, 20 13, the retail price of gasoline and diesel will be reduced by 0.23 yuan and 0.26 yuan respectively.