AI Data Insight
Latest data shows that China's gasoline output in Q2 2026 plunged to 11.626 million tons, a significant contraction of approximately 12.5% compared to the previous value of 13.285 million tons. Constrained by surging international crude oil costs and pressured refining margins, both state-owned and independent refineries have cut production. Meanwhile, the rising market share of new energy vehicles (NEVs) has also caused an irreversible structural substitution of traditional gasoline demand.