China recorded a year-on-year decline in its gasoline production in June 2019, the first time so far this year, which has also been rarely seen over past years. The country produced 11.17 million mt of gasoline in June, a decline of 2.3 percent year on year, according to data from the country’s National Bureau of Statistics (NBS). The yield ratio of gasoline was 20.8 percent in June, down from 22.5 percent in May. The drop was in stark contrast to a 7.7 percent year-on-year rise in China’s crude consumption in June. The country’s gasoline output amounted 70.36 million mt in January-June 2019, an increase of 2.9 percent from the same period of time in 2018, the NBS data shows. The growth slowed down from a 4.0 percent year-on-year boost in the first five months of this year. Growth in China’s gasoline production had slowed down since 2018, as the […]