China’s diesel exports surge 50% in August

Higher volume: Motorists at a petrol station in Shanghai. Domestic demand for petrol is anticipated to be high because of a pick-up in road traffic over the summer travel period. — Bloomberg

BEIJING: China’s diesel exports in August surged from a year earlier and have nearly tripled so far in 2023 compared with the same time a year ago, data shows, as refiners take advantage of strong regional refining margins to ship fuel overseas.

Exports of diesel, the biggest fuel by share of refinery output, last month totalled 1.26 million tonnes, up 51.5% from last year’s 830,000 tonnes, data from the General Administration of Customs showed.