Our outlook on Chinese gasoline consumption remains positive for the coming years, but a slow-down is inevitable (For an analysis of the effect of regulatory changes in Asia on transportation fuel markets, see Asian Oil Markets Monthly – Issue 1).

  • Continued strong demand for cars by a growing middle class and increasing travelling distances are the driving factors behind the growth in gasoline consumption
  • The dieselisation rate is expected to remain relatively low, while hybrids will play an increasingly important role
  • New car efficiency targets in China are set to reach a combined consumption of 5L/100km in 2020