AI Data Insight
According to the latest data, China's gasoline production in Q2 (May) of 2026 dropped to 11.092 million tons, continuing its contraction from the previous Q2 (April) figure of 11.626 million tons, representing a year-on-year decline of 10.8%. Under the substitution effect of new energy vehicles and squeezed refining margins, not only gasoline, but other major oil products such as diesel and kerosene are also facing double-digit declines, highlighting the structural challenge of weak overall macroeconomic demand.