Fuel: China triples diesel exports - highest level in over three years

China recently increased its diesel exports by 262.3 percent to 1.85 million tonnes. Relaxed export restrictions significantly boosted the overall export of refined oil products.

Hengli Refinery: China had restricted exports of fuels such as diesel, gasoline, and kerosene in mid-March to secure its own supply. Photo: REUTERS

Beijing. China's diesel exports rose in September to their highest level in more than three years. Exports of the fuel increased by 262.3 percent compared to the same month last year, reaching 1.85 million tonnes, according to customs data released on Sunday.

The background to this is a tight global supply, as the Iran war and other conflicts are impairing production in the Middle East and Russia. Overall, Chinese exports of refined oil products rose by 39.4 percent year-on-year in September to 7.16 million tonnes. This also represents a 19 percent increase compared to the previous month.

China had restricted exports of fuels such as diesel, gasoline, and kerosene in mid-March to secure its own supply in the face of geopolitical risks. However, the government relaxed these restrictions again in mid-July. In the first nine months of the year, total exports of refined oil products fell by 3.7 percent to 41.4 million tonnes.

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