Studying The Improvement Of China's Refined Oil Pricing Mechanism

With the further development of the economy, the consumption of oil is increasing year by year, the outward depend degree is ascending continuously. The refined oil pricing is being more and more important in petroleum security, the market competition of petroleum product is more serious after joining in WTO. These bring a big shock to the petroleum security and the daily economy. Nowadays the oil price mechanism of refined oil and even the all oil price mechanism undergo a revolution. It is government pricing, connection to international market and opening the price. That is because of the inborn fault of oil market mechanism. The opening of price of refined oil is gradually. It needs the continuously improvement of the states in price mechanism and needed facilities. The realization of marketing of refined oil needs successive steps. Therefore we must build a improved refined oil price mechanism in co ordinance with our realities and international experience. Then our refined oil market will be connected to the international in reality.This thesis adopts the procedure of theoretical research in co ordinance with practical analysis. After the knowledge of the current price mechanism, the disadvantage is analyzed. The option of improvement is proposed combined with the international experience. Based on the theory target zone the dynamic control framework is established. The price of refined oil can be fixed by the government and it can be a refer to the pricing limit. Besides that it's convenient to control.At first this thesis intrudes the background, the intention and the content. Secondly the related problems about refined oil pricing are introduced briefly. The third part analyses"the crude oil cost"and it's disadvantage and reason which the states proposed in 2007. After the analysis of international experience the option of improvement is proposed. According to the price of the crude oil from 2004.6 to 2008.4 the target zone of controlled refined oil is established. And macro-regulation system and needed facilities are improved.