China's Refined Oil Pricing Mechanism

As a non-renewable and rare resource, petroleum is strategically related to national economy revitalization. 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, and the oil pricing mechanism which has been the focus of attention plays an important role in adjusting resources. Nowadays the oil price mechanism of refined oil undergoes a revolution. It is government pricing, connection to international market and opening the price. In China, the price of crude oil has joint with the international market directly, but the finished oil price has made "The limited collection" oil system as Chinese special. This is because the finished oil market system in China is still not perfect. It needs the continuously improvement of the states in price mechanism and needed facilities. Therefore building an improved refined oil price mechanism in accordance with our realities and international experience is an important measure that China's refined oil market connects with the international in reality.On the basis of analyzing the status quo of the oil price system, this thesis discusses the fundamental way of revolution of the system by means of empirical and comparison analysis, based on supply and demon theory, price theory and monopoly theory. This thesis adopts the procedure of theoretical research in accordance with practical analysis. At first this thesis intrudes the purpose, the intention and the content. Secondly through theoretically analyzing the oil market and oil price in use of related economical principles and studies the transformation of our pricing mechanism and its current state, the thesis point out that it inevitable China's refined oil prices reach the market. Thirdly this thesis summarizes useful experiences on the oil price integration by comparison with international oil pricing system. At last the policies and measures for perfecting the current refined oil pricing system are put forward and a summary given for the whole thesis.