China's 2026 first batch fuel export quotas steady year on year, sources say

China has issued 19 million tons of export quotas for refined fuels, including gasoline, diesel, and jet fuel, for 2026, maintaining the same volume as the previous year. Additionally, 8 million tons of low-sulphur marine fuel export quotas were allocated. State-owned entities Sinopec and CNPC received the majority of these quotas. The quotas are part of China's strategy to balance local supply-demand fundamentals.