Oil Products Pricing Criterion Needs Reforming

February 2007
China Chemical Reporter;2/16/2007, Vol. 18 Issue 5/6, p33
Trade Publication
The article reports on the need to reform the oil products pricing criterion in China. Due to the difficulty of China to compete its oil products in the international market and domestic market, it has to formulate new oil products pricing criterion. The new criterion is made with the control cost method, in which the price of oil products is fixed on the basis of the crude oil and refining cost plus an appropriate profit.


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