<div id="readability-page-1"><div><p>[BEIJING] China has given state-owned refiners the green light to export 500,000 tonnes of fuels to a handful of regular customers, signalling the country is effectively easing an earlier ban on shipments.</p><p>The one-off quota would allow petrol, diesel and jet-fuel cargoes to leave China next month, according to people with knowledge of the matter, providing relief to Asia’s emerging economies as the war in the Persian Gulf continues to cut off supply. They asked not to be named as the discussions are not public.</p><p>The shipments, which would likely head to Vietnam, Laos and other nations, have already been loaded, they added.</p><p>With the Iran war stretching into a third month, vital supplies of crude, fuels, food and fertiliser remain stuck on the wrong side of the Strait of Hormuz. </p><p>China – the world’s largest oil importer and a consumer of Middle East crude – has been quick to react, implementing fuel export curbs in order to shield local customers. Domestic stockpiles of fuels such as petrol and diesel have since climbed to seasonal highs. </p><p>Bloomberg News reported earlier this week that state oil firms had begun applying for government permits to resume fuel exports.</p><div><div><div><p>SEE ALSO</p><div><div><div><div><p><img height="1842" src="https://imageproxy.pbkrs.com/https://cassette.sphdigital.com.sg/image/businesstimes/346c6d350f2f0d4356aa4939f6efbaba68b55414fa5649bb11c82836833bdb9b/query-ZHByPTEmZj13ZWJwJnc9MjQw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="3000" original-src="https://imageproxy.pbkrs.com/https://cassette.sphdigital.com.sg/image/businesstimes/346c6d350f2f0d4356aa4939f6efbaba68b55414fa5649bb11c82836833bdb9b/query-ZHByPTEmZj13ZWJwJnc9MjQw"/></p></div><p></p><h3><span>China’s state refiners seek to resume fuel exports after halt</span></h3><p></p></div></div><div><div><div><p><img height="2462" src="https://imageproxy.pbkrs.com/https://cassette.sphdigital.com.sg/image/businesstimes/1cfe6d252ee34b17af3c2c6926032f7b303e8d895b0a41669271b59169d87795/query-ZHByPTEmZj13ZWJwJnc9MjQw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="3500" original-src="https://imageproxy.pbkrs.com/https://cassette.sphdigital.com.sg/image/businesstimes/1cfe6d252ee34b17af3c2c6926032f7b303e8d895b0a41669271b59169d87795/query-ZHByPTEmZj13ZWJwJnc9MjQw"/></p></div><p></p><h3><span>How Asia-Pacific is fighting a fuel shock that could get worse</span></h3><p></p></div></div><div><div><div><p><img height="4006" src="https://imageproxy.pbkrs.com/https://cassette.sphdigital.com.sg/image/businesstimes/5134899f32782107dd72f37f6b0cce1e3c4f5f6d95992033857844d88e1e5d43/query-ZHByPTEmZj13ZWJwJnc9MjQw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="6000" original-src="https://imageproxy.pbkrs.com/https://cassette.sphdigital.com.sg/image/businesstimes/5134899f32782107dd72f37f6b0cce1e3c4f5f6d95992033857844d88e1e5d43/query-ZHByPTEmZj13ZWJwJnc9MjQw"/></p></div><p></p><h3><span>Global oil prices hit 4-year high on concern of US-Iran war escalation</span></h3><p></p></div></div></div></div></div><div><h3>Navigate Asia in<br/>a new global order</h3><p>Get the insights delivered to your inbox.</p></div></div><p>The National Development and Reform Commission, which oversees the allocation, did not respond to requests for comment. BLOOMBERG </p><div><p>Decoding Asia newsletter: your guide to navigating Asia in a new global order. <span>Sign up here to get Decoding Asia newsletter.</span> Delivered to your inbox. Free.</p></div></div></div>

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<p>China has authorized state-owned refiners to export 500,000 tonnes of fuels, including petrol, diesel, and jet fuel, to select customers, easing a previous ban. This one-off quota aims to alleviate supply issues for Asia's emerging economies amid ongoing conflicts in the Persian Gulf. Shipments are expected to reach countries like Vietnam and Laos. As domestic fuel stockpiles rise, state oil firms are seeking government permits to resume exports. The National Development and Reform Commission has not commented on the matter.</p>

China allows state refiners to export some fuels to Asian buyers