China Lifts Refined Fuel Export Restrictions for Rest of July

According to a Reuters report published on July 8, 2026 (17 Tir 1405), China lifted restrictions on refined fuel exports, including gasoline, diesel and jet fuel, for the rest of July. Zhejiang Petrochemical Co, majority owned by Rongsheng Petrochemical, was permitted to resume exports after halting shipments for more than three months; previously only state owned companies had been allowed to export these fuels. Trade sources briefed on the matter said Chinese refiners plan to export roughly three million metric tons of the three fuels in July, including volumes bound for Hong Kong and Macau, in line with last year's average export volume. The move comes as the world's biggest refiner returns toward normal operations following disruptions from the Iran war, though it remains unclear whether the lifted curbs will continue into August.