POLICY

China cuts fuel export quotas, domestic players likely to benefit

CHINA has cut its refined fuel quotas by 73% year-on-year for the second batch of quotas issued for 2021.

New taxes on imports of key blending fuels are likely to boost sales of domestically refined fuels.

New taxes on imports of key blending fuels are likely to boost sales of domestically refined fuels.

The quotas totalled 7.5 million tonnes, compared to last year's second round figure of 28 million tonnes. The latest quotas were issued to six state-run companies and a private refiner, according...

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