biggest increase this year

Finance – Oil prices are the biggest increase this year, China’s oil prices are not expensive?

Domestic oil prices ushered in the eighth increase in 2018, the biggest increase in the year, the owner will spend about 10.5 yuan to fill a box of gasoline. According to the National Development and Reform Commission, since 24 o’clock on July 9, domestic gasoline prices are raised by 270 yuan per ton, and diesel prices are raised by 260 yuan per ton. This is the third time that the price increase of gasoline has exceeded 250 yuan/ton since April 26 and May 25. After this price adjustment, the cumulative increase in gasoline this year was 805 yuan / ton, diesel oil rose 780 yuan / ton. In terms of purchasing power parity, is China’s oil price expensive?

Every increase in oil prices will cause public debate on the price of Chinese oil, which is not expensive. After all, oil prices do have an impact on many people, and it is no wonder that it will affect everyone’s nerves. However, Chinese oil prices are not expensive, but they must be compared and analyzed horizontally and vertically.

Horizontal comparison, that is, comparing Chinese oil prices with other countries in the world. From the data of May 2018, China’s oil price is 7.57 yuan / liter, ranking 72. That is to say, from a global perspective, China’s oil prices are moderately high, unlike the Chinese oil prices that everyone feels are the most expensive in the world. There are many people in countries with higher oil prices than China, such as Japan and South Korea in Asia.

Longitudinal comparison, that is, comparing Chinese oil prices with historical periods. This is the eighth increase in oil prices since 2018, the largest increase in the year. After this price adjustment, the cumulative increase in gasoline this year was 805 yuan / ton, diesel oil rose 780 yuan / ton. This rising trend of oil prices over time is the most important reason for people to feel that domestic oil prices are becoming more expensive.

Another phenomenon that has been criticized by many people is that domestic oil prices continue to rise, even if crude oil prices fall. This phenomenon should also be analyzed from two aspects. One is China’s crude oil supply structure. Since 2008, oil imports accounted for more than 50% of the total, and now the external dependence is close to 70%. This means that China’s oil prices can be integrated with international oil prices, so the relationship between cost and international oil prices is relatively large. Recently, the US economy has picked up demand for crude oil, while the Middle East, Venezuela and other crude oil producing areas have been turbulent, and global supply has been affected, which has pushed up the cost of crude oil.

The other is the tax structure of China’s oil prices. Consumption tax, value-added tax and other taxes and fees accounted for more than 40%, and the cost only accounted for more than 55%. This is the main reason why the price of crude oil has fallen and China’s oil price is still rising. Because, even if the cost of crude oil declines, as long as the increase in taxes and fees is greater than the decline in the cost of crude oil, oil prices will rise. Go back to Sohu and see more

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