China’s gasoline exports in May surged from a year earlier, as state refiners sought to profit from good export margins and additional quota, customs data showed on Saturday. Gasoline exports in May rose 134 percent from a year earlier to 1.47 million tonnes, and up from 1.21 million tonnes in April. Diesel exports in May also rose, up 62.6 percent to 2 million tonnes from the year-earlier period while kerosene exports were up 43.1 percent to 1.42 million tonnes. The month’s fuel exports were still lower than the record numbers recorded in March, however. Meanwhile liquefied natural gas imports rose 42.8 percent to 4.15 million tonnes in May, driven by strong consumption from chemical plants and reduced domestic production. China’s refinery […]