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China Mulling U-Turn for More Fuel Exports to Revive Growth

  • Refiners have applied for extra 15 million tons export quota
  • Beijing has been focused on curbing pollution from sector
Updated on

China is considering allowing its oil refiners to export more fuel in an attempt to help revive its economy, which would be a reversal from a focus on minimizing emissions. 

Refiners and traders have applied for an extra 15 million tons of fuel export quota that includes gasoline and diesel, according to people familiar with the matter. If approved, that would increase the allocations so far this year to a similar level for the whole of 2021.