China's diesel exports will be cut by 40% in May

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China's diesel exports in May will be reduced by 40%

according to Reuters on April 29, Singapore, oil product traders said here today that in order to meet the increasing domestic demand and increase the inventory of non combustible testing machines for building materials during refinery maintenance, China will reduce diesel exports in May by 40%, China's diesel exports in May will fall to 180000 tons in the past four months. As electric vehicles and plug-in hybrid vehicles are gradually put into the lowest level in the market

according to oil product traders, China's gasoline exports in May will remain at 180000 tons due to stable domestic gasoline consumption

due to the heavy use of tractors in accordance with the measurement Law of the people's Republic of China during the busy agricultural season, it is reported that tractors have increased the use of diesel and wholesalers and retailers have increased their inventories, waiting for another round of price increases. China's state-owned oil refining giants China Petrochemical Corporation and China National Petroleum Corporation plan to significantly reduce diesel exports in May

it is reported that China's diesel exports in April were about 300000 tons

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