Special Reports
Top legislator Wu, Putin meet on ties
Indonesian quake death toll tops 4,600
Oil demand growth strongest in April
www.chinaview.cn 2006-05-30 13:18:23

    BEIJING, May 30 -- China's apparent demand for oil climbed 10.8 percent in April from a year earlier, the strongest rise since 2004, after a rise in State-set fuel prices encouraged refiners to boost supplies to the domestic market.

    The world's second-largest oil consumer used 6.69 million barrels per day (bpd) last month, calculations based on official data showed, despite a fall in crude imports as refiners shunned soaring global markets.

    Car sales soared by almost half during the first four months of the year, helping drive a 20 percent rise in demand for gasoline to around 1.2 million bpd in April.

    Fuel price caps have insulated China's drivers from the full brunt of rising global crude markets, so the modest 3 to 5 percent price rise in March offered middle-class car owners little incentive to trim use.

    More price sensitive users, from farmers and fishermen to taxi drivers, have been insulated by government subsidies, and a steeper rise in late May is not expected to dent use. China raised retail prices of gasoline and diesel last Wednesday by 9.6 and 11.1 percent, one of the largest increases in recent years.

    The spring sowing season and a booming economy also pushed up diesel consumption by more than 10 percent, although shortages spreading across the southeast for most of April limited consumption in some areas.

    China's refiners have been stepping up kerosene imports in order to shift production capacity to diesel. But a wide gap with global prices is still causing shortages and China on Sunday urged its oil majors to keep rural users supplied.

    (Source: Shenzhen Daily/ Agencies)

Editor: Yang Li
E-mail Us Print This Article
Related Stories
Top legislator Wu, Putin meet on ties
President Hu anticipates successful SCO summit
Chinaview.cn Takes on New Look
Taiwan's "security report" damages cross-Strait peace
People's Daily calls for clean local Party elections
Henry Paulson named new U.S. Treasury chief
U.S. TV workers killed in Iraq
Children face same conditions as adults at Guantanamo
Uribe set for victory in Colombia's presidential election
PFLP decides to join Hamas-led cabinet
Top legislator returns to Beijing after European visits
China considers tax breaks on charitable donations
Clean local Party elections urged
DPRK FM in Beijing for talks
Watchdog steps up policing of pharmaceuticals market