Credit: REUTERS/CHINA STRINGER NETWORKSINGAPORE/BEIJING, Aug 10 (Reuters) - China has cut export quotas for refined fuels by 73% year-on-year in the second batch of quotas for 2021, as new taxes on imports of key blending fuels are set to boost sales of domestically refined fuels.
The latest batch of quotas, totalling 7.5 million tonnes, were issued to seven firms, including a private refiner, according to two sources who are familiar with the matter.
That was down from 28 million tonnes in the second batch a year earlier and 27.99 million tonnes in the first batch for 2021.
(Reporting by Chen Aizhu and Florence Tan in Singapore, Muyu Xu in Beijing, Editing by Louise Heavens)
((muyu.xu@thomsonreuters.com; +86 10 56692117;))
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