China posted huge year-on-year increases in gasoline imports in May as state-backed refiners took advantage of good export margins and additional quota, Reuters reports.
Imports of gasoline came in at 1.47 million tons in May, official data published Saturday showed. This is a 145% increase on the same period last year and a significant rise from the 1.21 million tons imported in April.
Diesel and kerosene imports also rose strongly in May, up 63% and 43% year-on-year respectively.
The huge rises in fuel imports follow severe gas shortages that occurred across northern China last winter. China is trying to reduce the use of coal for winter fuel in order to lower air pollution levels, which is sending demand for alternative fuels soaring.