Posted on 27/03/08
China's gasoline imports set monthly record
China, usually in surplus of gasoline, has made record imports for April to raise domestic fuel stocks ahead of the Beijing Olympics in August, traders said yesterday. The second-largest Chinese refiner PetroChina has booked 100,000 tonnes of gasoline for next month, its first purchase in about eight months, said a trader familiar with the oil major's trade operations, making it the firm's highest monthly buy ever. Top refiner Sinopec is also scouting the market for possible imports, traders said. The last record gasoline import was in September, 2007, at 80,000 tonnes, customs data showed.
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