Chinese gasoline use boosted by Qingming holiday travel


Source: argusmedia.com argusmedia.com

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Chinese gasoline use boosted by Qingming holiday travel 08 Apr 2021 10:00 (+01:00 GMT) Chinese gasoline use boosted by Qingming holiday travel Beijing, 8 April (Argus) — Domestic travel activity in China rebounded strongly on the year during last weekend's Qingming festival, sending gasoline prices higher and prompting some downstream consumers to restock after the holiday. Spot prices of 92R gasoline in Shandong province rose by $0.98/bl from 1 April, before the holiday, to $72.99/bl on 7 April on a pre-tax basis. The number of passengers travelling by road, railway, water and air increased by 142.4pc from a year earlier...