China's gasoline exports rise on new quotas; diesel, jet below expectations

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China's July gasoline exports rose 19% over a year before to a three-month high, data showed on Thursday, as refiners took advantage of new quotas to send more fuel abroad and ease bulging domestic stocks.

Gasoline shipments totalled 880,000 tonnes last month, the highest since April, although year-to-date volumes remained 37% below the same year-ago period, data from the China General Administration of Customs showed.

Exports of jet fuel also fell, by 27% over a year earlier at 480,000 tonnes, the lowest monthly volume since January 2021. Year-to-date exports stood 8.6% higher than a year before.

 

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