China Diesel Exports Jump in February As Holidays Hit Demand
- Gasoline outflows slipped as people chose road over air travel
- Fuel exports from nation expected to stay elevated in March
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Outbound diesel shipments from China jumped last month as Beijing’s move to release more fuel export quotas lifted flows, and factory activity slowed over the Lunar New Year holidays in mid-February.
Daily shipments of the industrial fuel rose 10% in February from the previous month, customs data show. Gasoline exports, meanwhile, slipped 3.3% on-month amid a rise in local consumption as more citizens chose private cars over domestic flights during the week-long spring festival vacation.