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“In the critical period of this earthquake relief and post-disaster reconstruction, the domestic refined oil prices cannot be liberalized.†The relevant person in charge of the relevant national authorities said in an interview with the media that there are three main reasons why refined oil prices will be difficult to release in the short term. . First, post-disaster reconstruction requires absolute protection of energy security. Post-disaster reconstruction requires the prosperity of industries such as construction, machinery, and transportation. If the price of refined oil is too high, the enthusiasm for building related companies will be greatly reduced. Second, the current lifting of the price of refined oil products is not conducive to controlling the CPI. Against the background of the current priority for earthquake relief, preventing the CPI from appearing "surge" has a more significant bearing on the smooth operation of the economy. Third, China's refined oil market does not yet have the conditions for market pricing, and the time for lifting the ban is not yet ripe.
With regard to the release of the oil and gas price, the two companies, PetroChina (601857) (601857) and Sinopec (600028) (600028), also responded yesterday and have not received notification.
Development and Reform Commission: Denying Oil and Gas Prices to Be Lifted in Advance
Yesterday, the responsible person of the National Development and Reform Commission stated that the saying that "the price of oil and gas or the release of oil and gas prices in advance to early June," which has been circulating in society recently, is unfounded.