China is set to resume refined fuel exports for October after a brief halt during its Golden Week holiday, four traders familiar with the matter said on Friday.
China has approved exports of diesel, gasoline and jet fuel totalling about 3.7 million metric tons for the month, according to two separate industry participants. The move is expected to ease tight global fuel markets.
China began curbing fuel exports in March to protect domestic supplies, as the Iran war disrupted crude oil flows and refinery production. It relaxed the controls between July and September. Beijing has recently tightened oversight by vetting shipments month by month instead of relying only on a quota system.
China’s National Development and Reform Commission and its Ministry of Commerce did not immediately respond to requests for comment.
Sri Lanka imports refined fuel, so supply on regional markets can affect the prices it pays. The Ceylon Petroleum Corporation has not commented on the report.
