Rising oil prices, not price aviation fuel surcharge

Development and Reform Commission deputy director Liu Zhenqiu prices, said Oct. 26 raised domestic oil prices, the international rise in oil prices remain volatile. So far, the international market of crude oil for 22 days moving average price of more than 4%, according to the current oil pricing mechanism, should be properly raised domestic oil prices. "Considering the current price situation and the oil market supply and demand, the state delayed the price increase due time, the control of the price increase."

Development and Reform Commission, according to briefing, Dec. 20, West Texas crude oil and North Sea Brent crude oil futures prices rose to $ 88.81 and $ 92.74 per barrel, reached early in October 2008 the highest level since. The oil price adjustment, the government subsidy will be in accordance with established policy, continue to grain farmers, fisheries, forestry, urban public transport, rural road passenger transport subsidies, temporary subsidies given to the taxi industry.

Development and Reform Commission said the price adjustment for the control of a chain reaction, the oil price adjustment, the urban public transport, rural road passenger transport, rail passenger and freight aviation fuel prices and additional criteria are not increased. Strict control of road passenger transport price adjustments.

Development and Reform Commission, according to estimates, the oil price adjustment will directly affect residents in the general price level of the month than the Central rose 0.07 percentage points.

Development and Reform Commission stressed that the oil price adjustments in favor of oil production and imports to mobilize the enthusiasm to protect the domestic market supply, while inhibition of irrational consumption, promote energy conservation.