AI Data Insight
The latest data shows that at the beginning of the third quarter of 2026 (July), China's gasoline production reached 11.258 million tons, a slight rebound from the previous value of 10.746 million tons, but the overall level remains far below that of the same period last year. Constrained by the dual squeeze of compressed refinery margins and new energy vehicle penetration exceeding 60%, the paradigm of "electricity advancing and oil retreating" has subjected traditional fuel demand to irreversible structural contraction.