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China`s oil demand growth slows further in Q3 - NDRC

China`s oil demand growth slows further in Q3 - NDRC

October 17, 2011 / 09:16 IST
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By Jim Bai and Melanie Lee

BEIJING/SHANGHAI (Reuters) - China's apparent oil demand growth slowed further in the third quarter, largely in line with economic growth in the world's second-largest economy amid domestic policy constraints and global uncertainties.

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The National Development and Reform Commission said on Saturday that apparent oil consumption grew only 3.2 percent from a year earlier in the third quarter, down from the 5 percent rise in second quarter and 9.3 percent in the first quarter.

Consumption in the first three quarters increased 5.9 percent on year, compared with a rise of 7.2 percent in the first half and 10.2 percent in the first quarter, the commission's data showed.