China’s demand for gasoline and diesel is nearing a return to pre-virus levels as the nation cautiously emerges from strict virus lockdowns.
Overall consumption of the major transport fuels last month was at almost 90% of June 2019 levels, according to people with direct knowledge of the nation’s energy industry. Gasoline and diesel account for about half of China’s total oil demand, and fuel use has steadily recovered after crumbling in April.
