Bloomberg News

China’s 22-Day Moving Average Cost of Crude Oil Rises 8.9%

March 13, 2012

The following table shows the 22- day moving average of the three crude benchmark grades monitored by the Chinese government for setting fuel prices. The average, assuming an equal weighting for all three grades, rose 8.9 percent as of yesterday from the last adjustment on Feb. 7.

Gasoline, diesel and kerosene tariffs may be modified when the 22-day moving average of Brent, Dubai and Cinta changes more than 4 percent from the last official price revision, under a mechanism introduced by the government, which hasn’t given the weighting for the grades. Prices are in U.S. dollars a barrel and are according to data compiled by Bloomberg.

================================================================
Date      Brent      Dubai     Cinta     Average     Change
================================================================
March 13  122.71     119.95    136.76     126.47      8.9%
Feb 7     111.78     110.24    126.29     116.10
================================================================

To contact the reporter on this story: Winnie Zhu in Shanghai at wzhu4@bloomberg.net

To contact the editor responsible for this story: Mike Anderson at manderson34@bloomberg.net


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