China likely to cut fuel prices this month: analysts

 China likely to cut fuel prices this month: analysts²

BEIJING, Oct. 6 (Xinhua) -- China is likely to cut its gasoline and diesel³ prices this month, as the international crude oil prices to which China's prices are linked are expected to head south.

Data released by Chem99.com, a major oil industry service provider, showed that as of Friday, the basket of crude oil prices used to calculate China's own fuel prices, namely Brent, Cinta, and Dubai, went down by an average of 1.86 percent since a previous adjustment last month.

Weighed down by worries over weak global growth, the prices will likely to see further slides, analysts said.

"If the prices maintain their current downward pace, the changing rates will move beyond the 4-percent window," said Zheng Xiaorui, an analyst¹ with 315.com.cn, another industrial service provider.

China adopted an oil pricing mechanism⁴ in 2009 that allows China's top economic planner, the National Development and Reform Commission (NDRC), to adjust retail⁵ fuel prices when international crude oil prices change by more than 4 percent over 22 working days.

Chem99.com analyst Zhu Chunkai predicted the mechanism will take effect on Oct. 18.

1 analyst   

n.分析家，化验员；心理分析学家

参考例句：

• What can you contribute to the position of a market analyst?你有什么技能可有助于市场分析员的职务？
• The analyst is required to interpolate values between standards.分析人员需要在这些标准中插入一些值。

2 analysts   

分析家，化验员( analyst的名词复数 )

参考例句：

• City analysts forecast huge profits this year. 伦敦金融分析家预测今年的利润非常丰厚。
• I was impressed by the high calibre of the researchers and analysts. 研究人员和分析人员的高素质给我留下了深刻印象。

3 diesel   

n.柴油发动机，内燃机

参考例句：

• We experimented with diesel engines to drive the pumps.我们试着用柴油机来带动水泵。
• My tractor operates on diesel oil.我的那台拖拉机用柴油开动。

4 mechanism   

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。

5 retail   

v./n.零售；adv.以零售价格

参考例句：

• In this shop they retail tobacco and sweets.这家铺子零售香烟和糖果。
• These shoes retail at 10 yuan a pair.这些鞋子零卖10元一双。