ecns [expanded by feedex.net]
ecns
China to introduce market-based jet fuel pricing
http://www.ecns.cn/business/2015/03-01/156235.shtml
Mar 1st 2015, 02:25
2015-03-01 11:25 Web Editor: Yao Lan
China's producer price for aviation fuel will be determined by the market starting March, the National Development and Reform Commission (NDRC), China's top economic planner, announced on Saturday.
China will advance market-oriented reform for aviation fuel pricing, an official with the NDRC said.
The producer price of jet fuel is composed of two parts, CIF (Cost, Insurance and Freightage) import price, which used to be decided by the NDRC and published on a monthly basis, as well as agio, which is affected by market supply and demand, number of transactions and international oil price trends.
The CIF import price of aviation fuel will be calculated and decided by the major state-owned oil companies Sinopec, PetroChina, CNOOC, and China Aviation Oil.
In July 2011, the NDRC decided to carry out a step-by-step market pricing scheme for the producer price of aviation fuel. For the past three-plus years, the scheme has progressed at a stable pace.
You are receiving this email because you subscribed to this feed at https://blogtrottr.com
If you no longer wish to receive these emails, you can unsubscribe here:
https://blogtrottr.com/unsubscribe/qhG/Zc7fXt
No comments:
Post a Comment