China’s diesel, petrol ex­ports surge in H1

Muscat Daily - - BUSINESS -

Shang­hai, China - China’s diesel and petrol ex­ports surged in the first half of the year as a do­mes­tic sup­ply glut and slow­ing de­mand growth prompted re­fin­ers to sell more fuel abroad.

Diesel ship­ments jumped al­most 21 per cent in the first six months com­pared to the same pe­riod a year ago, av­er­ag­ing about 328,500 bar­rels a day, ac­cord­ing to Bloomberg cal­cu­la­tions based on data posted on Sun­day on the web­site of the Gen­eral Ad­min­is­tra­tion of Cus­toms. Petrol ex­ports rose 8.1 per cent, av­er­ag­ing nearly 222,000 bar­rels a day.

The na­tion’s petrol ex­ports to­talled 4.81mn tons in the first half of the year, with 770,000 tons shipped in June, Sun­day’s data showed. Diesel ship­ments to­talled 7.97mn tons be­tween Jan­uary and June, with ex­ports at 1.31mn tons last month.

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