China consumed 27.06 million mt of oil products in April, down 2.4% year on year, the National Development and Reform Commission said Wednesday. Receive daily email alerts, subscriber notes & personalize your experience. Register Now This is the first time in three years that monthly oil product consumption figures published by the NDRC have recorded a year-on-year decline, according to historical NDRC data seen by S&P Global Platts. The decrease was led mainly by gasoil demand, which fell 8.1% year on year, while gasoline consumption rose 3.2% on year — the lowest year-on-year growth seen since April 2018, NDRC data showed. NDRC didn’t provide the breakdown of volumes for the two grades. China’s gasoil demand was weak last month due to slower consumption from the manufacturing sector, said Wang Zhuwei, senior analyst with Platts Analytics. China’s manufacturing Purchasing Managers Index was at 50.1 in April, compared with […]