China to raise import quotas for gasoline, diesel for 2022

China has issued its first refined fuel import quotas for 2022, with gasoline and diesel volumes sharply up from a year ago, and naphtha, a petrochemicals feedstock, largely steady, Report informs referring to Reuters.

Under the issue, naphtha totaled 10.09 million tons, including 5.75 million tons issued to state-run companies and another 4.34 million tons allotted to independent petrochemical producers, the document from the Ministry of Commerce showed.

That compared to a total of 9.94 million tons issued under the first lot of 2021.

Import quotas for gasoline rose to 700,000 tons versus 200,000 tons a year earlier, and diesel was set at 750,000 tons, versus 200,000 tons under the first allotment a year ago.