The refined oil pricing mechanism isn’t working – how should local refineries set their oil prices?
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Whenever the National Development and Reform Commission adjusts the prices of domestic refined oil products, customers who use oil often question why the price adjustments for locally produced oil in Shandong are not based on those set by the NDRC It’s not that they don’t follow the usual patterns; it’s just that the prices of crude oil at local refineries change rapidly!
I don’t know how it’s determined elsewhere; our company supplies refined oil to **the relevant entity**, so it is they who set the price. We can only offer suggestions; it’s not our concern whether they are adopted or not!