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Sinopec had taken measures to ensure sufficient gasoline supplies for the Shenzhen market, a company spokesperson said.
The measures include importing more oil despite high prices, to increase the company's oil storage. The company promised sufficient supplies for end users especially manufacturing industries and utility providers.
Sinopec Shenzhen said the measures taken would also keep oil prices from rising because of high demand. Gasoline supplies to the Shenzhen market this year increased by 30 percent over the same period last year, the Daily Sunshine reported.
Sinopec plans to import diesel in November to meet the market demand.
The growing demand for gasoline in Shenzhen was due to the increase in the number of vehicles and booming activities in the industrial, agricultural and fishery sectors, the company spokesperson said.
The increase of gasoline consumption by travelers during the National Day holidays was another factor fueling demand.
Meanwhile, the soaring price of crude oil on the international market had slowed China's oil imports, causing storage levels to fall.
Editor: Olivia
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