Not lowering oil prices because of fog?
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International oil prices have been falling, reaching their lowest levels since 2009. The National Development and Reform Commission stated that due to the severe fog, it would not reduce the prices of refined oil products. What absurd logic; even @Pan Shiyi can’t stand it. @Pan Shiyi said: Raising food prices to achieve a slim figure ； To reduce traffic congestion, raise car prices ； To reduce fatty liver and increase the prices of meat and eggs....... What factors can drive up housing prices? @Ren Zhiqiang: To reduce the per capita land use and raise housing prices? @Rong Jian 2001 is very angry: International oil prices continue to fall, having dropped to around $30 per barrel, and it seems they will keep falling further. Chinese consumers were thinking that domestic oil prices should also be reduced, but the National Development and Reform Commission issued an order to stop further declines: domestic oil prices cannot go any lower. The reason given is quite noble: maintaining price stability during low oil prices helps improve air quality. How much self-control does it take not to swear when hearing such things? I saw tens of millions of damn things rushing towards me. I don’t drive, so my reaction isn’t that strong; I’d rather offer a calm analysis. International oil prices have been falling continuously; why isn’t the National Development and Reform Commission reducing the prices of refined petroleum products? Isn’t it because China imports expensive oil from Russia under contract, and is forced to pass on those high prices to domestic consumers? Can they honestly admit that they’re suffering the consequences of Russia’s actions? I recall attending a seminar where, when quoting someone’s views, I mistakenly identified them as a member of the Development and Reform Commission*. He protested on the spot, saying, \"You’re from the Development and Reform Commission? Your whole family is from there...\"
The real reason should be to ensure the profits of central state-owned enterprises. This year, in order to meet their profit targets, companies such as CNPC and Sinopec have decided to reduce their total wage costs by at least 8% (this is actually a requirement set by the State-owned Assets Supervision and Administration Commission). This reduction applies to all employees, not just the management; in other words, the total wage costs of these companies must be reduced by at least 8%.
Well, it’s related to the profits of central state-owned enterprises.
No matter what it’s related to, in the end it’s the ordinary people who pay the price.
I saw a figure today: from January to October this year, the profits of state-owned enterprises declined by 9.8% on a year-on-year basis.