Li Ion Electric Bike,Electric Street Bike,Battery Operated Bike,Folding Electric Bicycle Myatu Moped Technology Co.Ltd. , https://www.myatugroup.com
The current domestic oil price can be maintained at a relatively low level because the government has given financial subsidies. The specific approach to oil price control and subsidies is to allow PetroChina and Sinopec to formulate refined oil prices in accordance with national directives. The resulting losses will then be subsidized by the government. In April, Sinopec received financial subsidies of 7.1 billion yuan, and the figure for January-March was 7.4 billion yuan. Subsidies for energy companies are ultimately paid by the entire people. The basic fact that must be clarified to discuss whether such a price control policy is appropriate is to maintain the low price subsidy to whom?
The logical chain is that fiscal subsidies to oil producers are only the first step. In the next step, oil consumers are the real beneficiaries. The more they consume, the more subsidies they receive. Including three types of consumers, one is individual consumers, such as users of private cars; one is a user of a bus; and the other is a production company that uses oil.
In fact, some of the oil price subsidies have entered the pockets of private cars and bus users. Of course, there are also some subsidies for public transport users. On the other hand, China is now a huge export-oriented economy. The reason why Chinese-made industrial products can be overshadowed in the international market is because of low prices. When these products with low domestic oil prices and high energy consumption can be exported to overseas markets, the real beneficiaries are the ultimate foreign consumers.
The government regulates oil prices. The purpose of the policy is to avoid “fueling†the rising CPI index while ensuring the needs of people’s livelihood. If the administrative monopoly of PetroChina and Sinopec has a bit of legitimacy, it is because these administrative monopolies should provide universal energy services at affordable prices, but the current subsidy policy does not seem to achieve this goal. As for the control of CPI, it is also on the surface: The current low price of oil objectively encourages the consumption of oil and other factors of production, forming the power to pull up CPI. One end is holding down the nominal price of oil, and one end It is the price of other factors that has been pulled up. The impact on the CPI has been increased, and it has consumed a lot of financial resources, and these funds could have been used in other fields. In fact, any regulatory policy will have no material impact on the CPI.
Focusing on the purpose of people's livelihood, the feasible methods should be: liberalize oil prices, adjust subsidies, cancel subsidies for oil-producing companies, and instead subsidize consumers, finance directly to low-income groups and people’s livelihood projects such as taxis. subsidy. On the one hand, it can allow price signals to regulate the supply and demand of oil and curb over-consumption of oil. At the same time, it can ensure that the people's living standards do not fall. Subsidies are ultimately enjoyed by the people and the policy objectives and policies are consistent. At present, the government attaches great importance to "oil prices and people's livelihood" and continues to issue corresponding subsidy policies.
Of course, the current prudent selection of oil control policies is only an expedient measure. What's more important is that in the long run, we must break the administrative monopoly of the oil supply market and let the market mechanism really work.
Over the years, domestic oil prices have fallen far below the international market. After this significant increase in oil prices, there is still a spread of around 4,500 yuan per ton between domestic oil prices and international oil prices. This means that domestic oil prices must be brought in line with international oil prices, and each To rise 3-4 yuan.