Diesel exports for the year to date up 197.2
August kerosene exports jump 98.1 yearonyear
August gasoline exports up 23.7
BEIJING, Sept 18 Reuters China39;s diesel exports in August surged from a year earlier and have nearly tripled so far in 2023 compared to the same time a year ago, data showed on Monday, 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 metric tons, up 51.5 from last year39;s 830,000 tons, data from the General Administration of Customs showed.
Total diesel exports for the first eight months of the year are up 197.2 versus the same period in 2022.
Domestic diesel demand has seen only muted growth amid deepening tumult in the property sector and contracting exports, pushing refiners to shift their output overseas.
Gasoline exports were up 23.7 to 1.38 million tons from 1.12 million tons in August last year.
Domestic demand for gasoline was anticipated to be high through August because of a pickup in road traffic over the summer travel period, the first since 2019 not to be disrupted by COVID19 containment measures.
Jet fuel exports were 1.55 million tons, up 98.1 from 780,000 tons a year earlier. Domestic flight capacity by available seats was up by about 17 from prepandemic levels in August 2019, while capacity on international flights in and out of China remained at around 49 of prepandemic levels, according…