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China eases refined fuel export curbs but adds refiner compliance
Beijing’s latest quotas cover petrol, diesel and jet fuel, while refiners must keep inventories above the end-February level and meet allocation limits.
China has eased refined fuel export restrictions in July amid high global oil prices and ample domestic reserves, but it has also introduced new compliance rules for refiners, according to three sources with knowledge of the matter, as reported by the South China Morning Post.
The renewed framework keeps shipment activity tied to allocated quotas, with refiners required to maintain inventory levels above the end-February mark, the outlet said. The goal, according to a person familiar with the matter, is to prioritize domestic consumption security even as export curbs are loosened.
The sources said the updated export quotas cover refined products including petrol, diesel and jet fuel, and were allocated mostly to state-owned domestic refiners. They added that since the second quarter of 2026, China’s National Development and Reform Commission and Ministry of Commerce have tightened refined oil export supervision, the outlet said.