Resource Investor. Gasoline consumption in China will rise 24.7% from last year’s level to reach 65.44 million tonnes (about 24.5 billion gallons US) by 2010, according to government projections.
Gasoline consumption hit 52.47 million tonnes (19.7 billion gallons US) last year, an 8.4% year-on-year growth, after the year’s car sales jumped 27% to hit 7.2 million. The forecast for this year’s growth is 18%, according to Bai Xuesong, senior engineer with China International Chemical Consulting Corp., which is overseen by the state-owned Assets Supervision and Administration Commission.
China produced 55.91 million tonnes (20.9 billion gallons US) of gasoline last year.
(A hat-tip to Bill!)