Aviation Fuel Price Reformed Road Products Reform

International Energy Network News: Starting from August 1, aviation kerosene will no longer be priced by the National Development and Reform Commission, but will be negotiated between the supplier and the buyer. The price will be adjusted once a month. In principle, the value of the imported CIF duty paid by the Singapore market cannot be exceeded.

This is the "Circular on Accelerating the Marketization Reform of Aviation Fuel Prices" issued by the National Development and Reform Commission on July 12 (hereinafter referred to as the "Notice"). It has decided to promote the market-oriented reform of aviation kerosene prices and further improve the mechanism for forming the ex-factory price of aviation kerosene. The industry generally believes that the NDRC's devolution this time is a big step toward the market pricing of aviation kerosene ex-factory prices. It has a certain demonstration effect for some resource products that require gradual market pricing.

In the earlier period, the ex-factory price of aviation kerosene was regulated by the National Development and Reform Commission, which was synchronised with the adjustment of domestic gasoline and diesel prices. However, the latest aviation kerosene adjustment alone on May 25 also laid a foundation for the aviation kerosene policy announcement.

Gao Boxuan, senior researcher of China Investment Advisors, said in an interview with reporters that the reform of the aviation fuel market initiated by the National Development and Reform Commission is regarded as a correct test of the reform of refined oil products. The market-oriented reform of aviation fuel prices is precisely the price of refined oil (cracked oil prices). Dilemma) Part of the reform.

In fact, the National Development and Reform Commission issued a draft for the market-oriented reform of the refined oil pricing mechanism in June. It proposed to shorten the interval between price adjustments and decentralized pricing rights to enterprises, and triggered widespread debate. Looking from the big direction, the refined oil price reform has become a general trend. The current focus is on determining the speed and intensity of reforms. The Development and Reform Commission uses the less impacted aviation kerosene as a way to promote the market-oriented reform of refined oil prices in order to prepare for the next reform.

In the refined oil, the share of aviation fuel is relatively small, and the impact on the overall national economy is also relatively small. Using aviation fuel as a breakthrough point for reform can avoid the impact caused by reform rush, and it can gradually discover the reform of refined oil products. The problems that exist in China are solved step by step.

“The reform requires the accumulation of experience, and it needs to be promoted by difficulties.” Gao Boxuan told reporters that the current domestic reform has entered the deep water area, and the market-oriented reform of resource prices is imminent, but the experience of reform is also lacking in the country. In this case, "crossing the river by feeling the stones" is the best and most secure choice. The development and reform committee of the refined oil price system used aviation kerosene as a path stone, and tried to test how deep the reforms were, and accumulated experience for the next reform. This approach is of significance for reference. For other resource products that require market pricing, it is also possible to use the varieties with relatively small impact and relatively low proportions to take the lead in promoting price reform and provide experience for the price reform of other resource products.

Recently, the relevant person in charge of the National Development and Reform Commission also stated that the improved pricing mechanism for aviation kerosene prices has taken a big step toward marketization and is also a beneficial attempt for market-oriented reform of domestic refined oil prices.

However, when the preparation of refined oil pricing machines was criticized, some people in the industry considered aviation fuel pricing solo as "a show." The reason is that aviation fuel is characterized by its small size. Due to the relatively narrow involvement of aviation oil, the involved parties are mainly the three major oil companies, CAO, and airlines, so the reform is easier to promote. This view holds that for a small-scale aviation fuel, the road it takes is a road that is far from the people. Even if it is passed, it will not be the price of the relevant resource item that the public needs. new road.

Li Qian, researcher of Zhuo Chuang Information Oil Refinery, told reporters that apparent kerosene consumption accounted for 6.78% of the total apparent consumption of refined oil (gas, coal, and diesel) in 2010, and the aviation industry is less sensitive to price, so kerosene The market-oriented reform is considered a pilot for the refined oil market.