Financial Times: China Reportedly Plans to Resume Exports of Aviation Fuel, Diesel, and Gasoline in May

Focus News on US-Iran War

Central News Agency (Reporter Lu Chia-jung, Beijing, 29th) The Financial Times of the UK reported that China is preparing to resume exports of aviation fuel, gasoline, and diesel. Major state-owned oil companies in China have applied for export permits to allow shipments in May.

The Financial Times reported this on the 28th, citing sources, adding that Beijing hopes to supply aviation fuel to Asian countries where aviation fuel inventories are at dangerously low levels.

The report mentioned that in the early stages of the US-Iran war, Beijing had restricted fuel exports to ensure domestic supply. At that time, the closure of the Strait of Hormuz caused panic among major global crude oil and refined product importers, prompting China to prioritize ensuring its domestic energy security to cope with potential supply risks.

However, the situation changed after several weeks. Insiders stated that rising domestic fuel prices in China led to unexpectedly weak demand, partly due to the increased use of electric vehicles, which eased supply pressure. At the same time, export profit margins significantly expanded.

The report stated that as the world's largest crude oil importer, China has continuously strengthened its energy security strategy over the years, including diversifying supply sources, increasing domestic production capacity investment, and establishing a reserve system. Therefore, it demonstrated stronger resilience than surrounding economies during this supply shock. In addition, at the beginning of the Middle East conflict, China quickly tightened exports, prioritizing the guarantee of domestic market supply to stabilize domestic consumer and industrial demand. (Editors: Chou Hui-ying/Chen Kai-yu) 1150429

Choose to stand with facts, every sponsorship you make is a force to protect press freedom.

Download the Central News Agency 'First-hand News' APP to stay updated with the latest news.

Without authorization, the text, images, and videos on this website may not be reproduced, broadcast publicly, or transmitted publicly and used.