China to adjust its refined oil pricing mechanism

时间：2007-04-03 02:36:16

（单词翻译:单击）

Apr.3 - China is waiting for the right opportunity to adjust its refined oil pricing mechanism1, said a senior official on Monday.

 

Reform of the refined oil pricing mechanism is closely tied to international oil price fluctuations3, said Chen Deming, vice4 chairman of the National Development and Reform Commission (NDRC).

 

However, the government has to consider people's capacity to adapt to the changes, said Chen.

 

The purpose of the mechanism is to link the prices of refined oil products on the domestic market in China more closely to their international equivalents.

 

The vice chairman said that, to make the reform more palatable5, the government will give subsidies6 to sectors7 such as food production, city transportation, agriculture and forestry8. Low income groups will also receive allowances, he added.

 

Chen said the country will impose a fuel oil tax in the near future.

 

To date, the Chinese government has endeavored to ensure that prices for refined oil products meet Chinese conditions. However, the fluctuation2 of international oil prices, which can move sharply upwards9, leaves the government little room for maneuver10.

 

In March 2006, China made a first attempt to lift refined oil prices, while setting up a mechanism to offer subsidies to disadvantaged communities and public service sectors and collect special fees from oil producers who sell domestically produced crude oil.

 

Experts said cutting domestic refined oil prices might offer the opportunity to levy11 a fuel oil tax, first proposed way back in1994 but constantly delayed out of concerns that it would impose too heavy a burden on professionals such as bus and taxi drivers.

 
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1 mechanism zCWxr     
n.机械装置；机构，结构
参考例句：
  • The bones and muscles are parts of the mechanism of the body.骨骼和肌肉是人体的组成部件。
  • The mechanism of the machine is very complicated.这台机器的结构是非常复杂的。
2 fluctuation OjaxE     
n.(物价的)波动，涨落；周期性变动；脉动
参考例句：
  • The erratic fluctuation of market prices are in consequence of unstable economy.经济波动致使市场物价忽起忽落。
  • Early and adequate drainage is essential if fluctuation occurs.有波动感时，应及早地充分引流。
3 fluctuations 5ffd9bfff797526ec241b97cfb872d61     
波动，涨落，起伏( fluctuation的名词复数 )
参考例句：
  • He showed the price fluctuations in a statistical table. 他用统计表显示价格的波动。
  • There were so many unpredictable fluctuations on the Stock Exchange. 股票市场瞬息万变。
4 vice NU0zQ     
n.坏事；恶习；[pl.]台钳，老虎钳；adj.副的
参考例句：
  • He guarded himself against vice.他避免染上坏习惯。
  • They are sunk in the depth of vice.他们堕入了罪恶的深渊。
5 palatable 7KNx1     
adj.可口的，美味的；惬意的
参考例句：
  • The truth is not always very palatable.事实真相并非尽如人意。
  • This wine is palatable and not very expensive.这种酒味道不错，价钱也不算贵。
6 subsidies 84c7dc8329c19e43d3437248757e572c     
n.补贴，津贴，补助金( subsidy的名词复数 )
参考例句：
  • European agriculture ministers failed to break the deadlock over farm subsidies. 欧洲各国农业部长在农业补贴问题上未能打破僵局。
  • Agricultural subsidies absorb about half the EU's income. 农业补贴占去了欧盟收入的大约一半。 来自《简明英汉词典》
7 sectors 218ffb34fa5fb6bc1691e90cd45ad627     
n.部门( sector的名词复数 )；领域；防御地区；扇形
参考例句：
  • Berlin was divided into four sectors after the war. 战后柏林分成了4 个区。 来自《简明英汉词典》
  • Industry and agriculture are the two important sectors of the national economy. 工业和农业是国民经济的两个重要部门。 来自《现代汉英综合大词典》
8 forestry 8iBxk     
n.森林学；林业
参考例句：
  • At present, the Chinese forestry is being at a significant transforming period. 当前, 我国的林业正处于一个重大的转折时期。
  • Anhua is one of the key forestry counties in Hunan province. 安化县是湖南省重点林区县之一。
9 upwards lj5wR     
adv.向上，在更高处...以上
参考例句：
  • The trend of prices is still upwards.物价的趋向是仍在上涨。
  • The smoke rose straight upwards.烟一直向上升。
10 maneuver Q7szu     
n.策略[pl.]演习；v.(巧妙)控制；用策略
参考例句：
  • All the fighters landed safely on the airport after the military maneuver.在军事演习后，所有战斗机都安全降落在机场上。
  • I did get her attention with this maneuver.我用这个策略确实引起了她的注意。
11 levy Z9fzR     
n.征收税或其他款项，征收额
参考例句：
  • They levy a tax on him.他们向他征税。
  • A direct food levy was imposed by the local government.地方政府征收了食品税。

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