China May gasoline exports up 134% at 1.47 million tons

In May 2018, China exported 1.47 million tons of gasoline. (Reuters pic)

BEIJING: China’s gasoline exports in May surged from a year earlier, as state refiners sought to profit from good export margins and additional quota, customs data showed on Saturday.

Gasoline exports in May rose 134% from a year earlier to 1.47 million tons, and up from 1.21 million tons in April.

Diesel exports in May also rose, up 62.6% to 2 million tons from the year earlier period while kerosene exports were up 43.1% to 1.42 million tons.

The month’s fuel exports were still lower than the record numbers recorded in March, however.

Meanwhile, liquefied natural gas imports rose 42.8% to 4.15 million tons in May, driven by strong consumption from chemical plants and reduced domestic production.

China’s refinery runs eased from a record high in April as state-run refiners began regular maintenance and some independents cut output ahead of a regional summit.

China’s largest natural gas producer, PetroChina, started rationing supplies to industrial consumers in northern and western regions last month to prevent gas shortages, not long after the country’s major winter supply crunch.