News & Reports News Year 2013 February 2013 Crude oil consumption climbs 4.9%

Crude oil consumption climbs 4.9%

CHINA'S crude oil consumption rose 4.9 percent to 476.13 million tons last year, the country's top planning agency said today.

Domestic crude production rose 1.9 percent to 207.48 million tons, the National Development and Reform Commission said. Imports gained 7.3 percent to 271.09 million tons while exports fell 3.5 percent to 2.44 million tons.

Thus, China relied on imports for 56.4 percent of its crude needs last year, the commission said, up from 55 percent in 2011.

Crude processing volume rose 3.7 percent to 467.91 million tons last year, it said.

Apparent refined oil products consumption climbed 5.2 percent to 276.64 million tons. Breaking it down, gasoline consumption was up 86.84 million tons, kerosene consumption gained 14 percent to 20.95 million tons, and diesel use added 1.5 percent to 169.73 million tons.

Fast gasoline and kerosene growth rates reflect an increase in car ownership and the development of the aviation industry.