China exported a whopping 97.4% more gasoline in August 2022 than it did the year before. This huge increase was largely due to a new batch of fuel export quotas amid weak domestic demand. Diesel exports from China also increased substantially in August, a nearly 52% increase from the year before. China exported 1.12 million tons of gasoline last month, which was a whopping 97.4% increase from the year before, customs data cited by Reuters showed . The increase came on the back of a new batch of fuel export quotas amid lukewarm domestic demand. The new quotas also pushed diesel exports much higher, up by almost 52% from August 2021 at 830,000 tonnes. The new quotas, issued in June and July, were expected to lift fuel exports substantially in August, with total gasoline, diesel, and jet fuel exports expected to hit between 2.4 and 2.6 million tons, according […]