Chinese Refiners Boost Diesel Imports to Ease Shortage
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Chinese state refiners are ramping up diesel imports starting this month to help meet increased demand that has depleted 2,000 retail fuel stations in the country’s eastern and southern provinces.
China Petroleum & Chemical Corp., the nation’s biggest refiner, is seeking to import as much as 200,000 metric tons after buying 80,000 tons earlier in November, its parent said in its on-line newsletter today. The price of Asia gasoil, or diesel, has risen 12 percent more than Dubai crude so far this month on speculation Chinese demand for the fuel will increase.