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Chinese Refined Oil Consumption Increased
Mar 31, 2017

National Development and Reform Commission(NDRC) announced the running profileof refined oil for the first two months of 2017 on March 29th in the official website. The refined oil consumption is 46.63 million tons with an increase of 4.9%, of which gasoline and diesel are respectively increased by 8.0% and 0.5%.

NDRC said that crude oil production is 31.23 million tons with an decrease of 7.9%, processing capacity of crude oil is 91.71 million tons with an increase of 10.8%, refined oil production is 56.40 million tons with an increase of 8.6%, refined oil consumption is 46.63 million tons with an increase of 4.9% in January and February based on Operation Express statistics, of which gasoline and diesel are respectively increased by 8.0% and 0.5%. The chain of refined oil stocks continue to rise at the end of March.


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