China’s May gasoline exports fall 42.4pc

25 June, 2019 12:00 AM printer

SINGAPORE: China’s gasoline exports fell 42.4 per cent in May from a year earlier and diesel shipments fell 37.8 per cent, customs data showed on Sunday.

Gasoline exports fell to 850,000 tonnes in May, down from 1.17 million tonnes in April, data from the General Administration of Customs showed, report agencies.

Diesel exports were at 1.24 million tonnes, down from 2.6 million tonnes in April, the data showed.

The export declines came even as a fuel glut in China worsened in the second quarter of the year as massive new refining facilities came on line, while demand for fuel, especially gasoline, slowed alongside declining sales of new cars.