China's May gasoline, diesel and jet fuel exports rose from April to major destinations in Southeast and South Asia, but were still significantly less than a year earlier due to export restrictions imposed over the Iran war to safeguard domestic supply.
Customs data released on Saturday showed that refined oil product exports outside of Hong Kong and Macau rose 40% from April, though they slumped 69% from the same period last year.
The export curbs do not cover the refuelling of international ships and planes, or exports to Hong Kong and Macau, where levels were steady.
China's gasoline exports dropped to a decade low in April to just over 23,400 metric tons and slightly improved in May to 32,838 tons, with Myanmar being the only destination apart from Hong Kong and Macau, receiving 8,405 tons of gasoline from China.
Diesel exports, including biodiesel, in May rose 53% from April, with volumes exported excluding Hong Kong and Macau more than doubling to 216,196 tons, including 62,772 tons to Bangladesh and 28,700 tons to Sri Lanka.
Source : Investing.com