According to a report from the country's top economic planner, China's oil refining industry grew steadily in 2012 as a result of rising domestic consumption.
A report posted on the website of the National Development and Reform Commission said that Chinese oil refiners processed 467.91 million tons of crude oil in 2012, up 3.7% year on year.
According to the report, domestic demand has basically been met, with consumption of gasoline and kerosene rapidly rising.
The report said that buoyed by the expansion of both the auto market and aviation industry, the apparent consumption of gasoline and kerosene in 2012 rose 12.2% to 86.84 million tonne and 14% to 20.95 million tonne respectively, whereas diesel consumption stayed almost flat at 169.73 million tonne
The NDRC said imports of refined oil dropped 16.9% to 7.16 million tonne last year due to abundant domestic supplies, while exports shrank 3.3% to 12.23 million tons due to tighter controls over outbound oil products.
