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NDRC: Refined Oil Prices to Adjust to the Limited Direct Impact on the Overall Price Level

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BEIJING, Dec. 22 -- State Development and Reform Commission raised the 22nd person in charge of question that the price of refined oil, refined oil is an important production and subsistence, mainly on the social price adjustment is expected to produce a certain impact on the direct impact on the overall price level is very limited.
The National Development and Reform Commission issued a notice today, decided at 0:00 on December 22 from gasoline and diesel prices were increased by 310 yuan per ton and 300 yuan, calculated to the retail price of 90 # gasoline and 0 # diesel oil (national average) increased by 0.23 yuan per liter and 0.26 yuan.
For &quot;The oil price adjustments will push up the overall price level?&quot; Issue, the relevant person in charge of Development and Reform Commission said Nov. 19 the State Council issued &quot;on the stability of general price level to protect people Notice of basic &quot;(Guo Fa [2010] 40), the various localities and departments from the development of production and ensure supply, stable and people's livelihood, strengthen the comprehensive facilities and other aspects of regulatory policy, focusing on governance, the effects of policies have been initially apparent.
The responsible person, it is important to oil production and living materials, the price adjustment is mainly expected to have an impact on our society, a direct impact on the overall price level is very limited. According to calculations, the direct impact of oil price adjustments in the month the consumer price index (CPI) rose ring around 0.07 percentage point. To mitigate the impact of price adjustment, we have already done the appropriate arrangements, in the State Department continue to implement the measures identified in the same time, strictly control the chain reaction of price adjustment, and make the relevant groups and industry subsidies work. 
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NDRC: Refined Oil Prices to Adjust to the Limited Direct Impact on the Overall Price Level | SMM

NDRC: Refined Oil Prices to Adjust to the Limited Direct Impact on the Overall Price Level

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