┬áChina’s May gasoline exports fell 45.5% from a year earlier and diesel exports plunged 92.7% despite stalling domestic demand, as companies ran short of export quotas, Chinese customs data showed on Saturday. China exported 840,000 tonnes of gasoline last month, data from the General Administration of Customs showed, down from 1.55 million tonnes in May 2021 and 980,000 tonnes in April. Diesel exports sank to 120,000 tonnes from 1.68 million tonnes a year earlier and 530,000 tonnes the previous month. Widespread lockdowns that began in March in the financial and commercial hub Shanghai to contain the COVID-19 virus hammered local consumption of gasoline, diesel and aviation fuel. Demand only started a modest recovery in late May with some easing of mobility restrictions. Total […]