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Aug 10, 2005

Shortage - China - Drivers face fuel famine

Oil refiners prefer to make higher-grade petrols many drivers cannot afford
China -BBC News/UK/China Daily -5 August, 2005: -- Petrol shortages are developing in Guangdong Province, the industrial belt that produces one third of China's manufacturing exports... Drivers are reportedly having to queue for rationed petrol and shortages are hurting petrol station profits... Guangzhou, the province's capital city, has a monthly shortfall of 50,000 tons of refined oil, quoted the secretary of the Guangzhou Petrol Retailers Association, Xie Zhaowei, as saying... But in Shanghai there is enough supply to meet demand, according to a local marketing official of the China Petroleum and Chemical Corporation...

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