日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

   

Stabilize oil supplies

(China Daily)
Updated: 2007-11-26 09:00

As the price of oil in international market seems destined to burst through the US$100 mark sometime soon, it will only be more difficult for Chinese policymakers to prevent domestic oil prices from further rising.

The authorities' effort to stabilize oil supplies is essential to ensuring sound development of the national economy. But stopgap measures should not replace market-oriented reform of the country's oil pricing mechanism.

The Ministry of Commerce on Saturday urged local commerce bureaus to set up an early warning system to ensure adequate oil supplies at filling stations.

China raised the prices of gasoline, diesel and aviation kerosene by 500 yuan (US$67.6) per ton, almost a 10 percent rise, starting from November 1. Though the price hikes have eased the fuel shortage to some extent, many regions still face tight diesel supply.

A key reason behind these emergency fuel shortages is that domestic refineries are still reluctant to expand their capacity because of soaring costs and government-controlled fuel prices. As international crude oil prices rose to a record recently, the price hikes early this month are simply too late and too small to provide domestic refineries enough incentives to boost production.

The new early warning system will enable policymakers to monitor domestic oil supplies more closely to check speculative activities that can aggravate fuel shortages across the country.

However, to address the root cause of the imbalance between oil supply and demand, the government has no choice but to reform the oil pricing mechanism to reflect international levels and allow oil firms to transfer the cost to users.

Chinese policymakers have indeed deliberated on this reform for many years. Yet, the country's expanding demand for oil and soaring international oil prices have made such a reform more urgent than ever now.

For the first nine months of the year, China, the world's second-largest oil consumer after the United States, imported 3.4 million barrels of diesel, a 46.5 percent increase over the same period in 2006.

While international oil prices have been testing the US$100 mark recently, it is widely believed that the world, more than likely, will have to adapt itself to triple-digit oil prices in coming years.

Further hikes of domestic oil prices will certainly exert some negative impact on the country's efforts to rein in general price inflation. But the cost of not doing so may be even bigger.


(For more biz stories, please visit Industry Updates)



Related Stories  
主站蜘蛛池模板: 91在线免费视频 | 天天躁夜夜躁 | 国产精品久久久久久久久久久久久久久久 | 成人福利视频网站 | 日本片网址 | 欧美日一区二区 | 91亚洲国产成人精品一区二区三 | 亚洲图片一区 | 久久久久久中文 | 欧美精品中文 | 国产第九页 | 精品日韩在线观看 | 亚洲 欧美 日韩 综合 | 欧美专区在线观看 | 国产 日韩 欧美 精品 | 婷婷激情丁香 | 成人黄色免费视频 | 深夜福利网站在线观看 | 国产精品成人免费精品自在线观看 | 免费在线观看av的网站 | 亚洲欧洲自拍偷拍 | 中文字幕精品在线视频 | 中文字幕h| 亚洲一区二区三区在线观看视频 | 国产一区二区三区视频在线观看 | 久久影音 | 五月婷婷俺也去 | 日本理伦片午夜理伦片 | 色99999| 男人的天堂欧美 | 伊人77| 可以免费在线观看的av | 亚洲欧美一区二区三区四区 | 日韩视频免费在线 | 国产成人精品av在线观 | 六月丁香激情综合 | 黄色片在线 | 国产精品久久久久久久久久久久午夜片 | 91精品国产综合久久福利 | 亚洲玖玖爱 | 亚洲aaaaaaa |