Oil pricing mechanism may see some tweaks

The oil pricing mechanism adopted in 2009 is likely to see some adjustments this year to make it better reflect international crude price fluctuations, said analysts.

The government may shorten the calculation period for adjusting domestic gasoline and diesel prices to less than 22 days, said Han Xiaoping, chief information officer of energy portal China5e.com.

"With such a reform, domestic refined oil prices would be more closely linked with international crude prices. It will also help the pricing system to be more market-oriented," said Han.