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China’s Gasoline Exports to Fall 10% YoY in 2023


Chinese gasoline exports are expected to decline by 10% on the year on 2023 to 11.77mn tons due to poor margins, JLC analyst, Wang Yanting, said.

  • In contrast, diesel shipments are expected to rise by 21% year on year to 13.31mn in 2023.
  • China’s jet fuel exports are forecast to surge by 42% on the year to 15.71mn tons.
  • The oil-refining volume is seen rising by 6.5% this year to 720m tons.
  • Oil products export quotas for 2024 will stabilise at 40mn tons amid limited growth, Wang added.
  • China’s apparent gasoline demand is expected to grow by 13% on the year to 151mn tons. Diesel demand is forecast to rise by 11% from 2022 to 200mn tons, while jet fuel consumption may rise by 78% to 34.8mn tons.

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