Because of seasonal consumption demand, Wenchuan earthquake and busy farm season's oil consuming, the present domestic refined products supply is in shortage.

On June 2, CNPC announced to stop the export of refined products and meanwhile increase oil import. On the premise of guaranteeing oil use in quake-hit areas, CNPC has actively deployed the oil supply for some provinces during this summer's busy farm season and for the construction of key projects.

According to statistics, from May 13 to June 1, CNPC has accumulatively dellivered 351,800 metric tons of oil to Sichuan Province. The refined products storage of CNPC's marketing companies in Sichuan, Chongqing, Shaanxi and Gansu reaches 630,000 metric tons, which can meet 12 to 18 days' demand. At present, the gas stations in worst-hit areas keep open to all vehicles with around the clock service.

Compared with the first half year of 2007, the gasoline and diesel oil import volume has an increase of 17 times, reaching more than 2.4 million tons. Since the fourth quarter of last year, CNPC has decreased the export of gasoline and diesel oil in succession. So far, the export of diesel oil has been fully stopped and the export of gasoline has decreased to the lowest level.

At present, CNPC's refineries have been in full load operation. Besides, they adjust the production proportion of gasoline and diesel oil according to the market demand. The refineries reduce the output of chemical materials and increase the production of diesel oil, which is in urgent need. As planed, diesel production in June will be 7% more than in May.