AI Data Insight
China's newly released Q2 2026 (up to May) gasoline production dropped to 10.746 million tons, a 3.1% decrease from the previous figure. Under the dual pressure of rising costs driven by tight Middle East crude oil supply and the domestic EV penetration rate exceeding 60%, refineries have been forced to cut production. With structural demand shrinking, gasoline production is unlikely to see a strong rebound in the short term.