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China Aviation Fuel Demand Set to Grow 13% y/y: CNPC

JET FUEL

China’s aviation fuel demand is seen growing 13% in 2024 y/y according to state energy Giant China National petroleum Corp (CNPC).

  • China’s aviation fuel consumption may hit 39.3 million metric tons this year it said in its annual outlook.
  • China air travel has seen a significant boost in 2024. The recent Spring Festival (Feb 10-17) saw the total number of flights operated in China reach 137,000, up 4.9% vs 2019 and 33% higher y/y.

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