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‌ Automobile petroleum accounts for an important part of China's energy consumption, especially in the transportation sector.

First, the overall proportion
‌ Petroleum consumption in the field of transportation ‌ : ‌70%‌ of China's petroleum is used in the field of transportation every year, of which automobiles consume most ‌.
‌ automobile petroleum consumption ‌ : In the annual energy consumption, automobile petroleum consumption accounts for about ‌55%‌ of the proportion ‌.
2. Specific data and trends
‌ Current consumption ‌ :
At present, ‌85%‌ of China's total petroleum output is consumed by motor vehicles, which consume about ‌ 5.4 million barrels of ‌ petroleum ‌ every day.
China's automobiles consume about a third of the country's oil ‌‌ ‌.
‌ Future prediction ‌ :
By 2020 (note: this figure is historical forecast, actual situation may vary), China's vehicle ownership is expected to reach 500 million, by which time about 400 million tons of refined oil products will be consumed, and the average annual fuel consumption of each vehicle will reach 6 tons ‌.
In 2024, China's new energy vehicles are expected to sell 12 million units, with 32 million units in ownership, replace more than 20 million tons of gasoline and diesel, and gasoline consumption is expected to reach 165 million tons, an increase of 1.3%‌.
3. Industry influence and trend
‌ development of new energy vehicles ‌ : with the popularity of new energy vehicles, the substitution of gasoline and diesel is increasingly significant, which will affect the overall consumption structure of petroleum ‌.
‌ Changes in refining industry ‌ : Affected by the transformation and upgrading of economic structure, the transformation of railway, LNG replacement and other factors, diesel consumption is expected to decline, while kerosene consumption is expected to increase due to the recovery of tourism ‌.
‌ production capacity and profit ‌ : refining industry is faced with the challenge of overcapacity and profit decline, the future may accelerate the backward production capacity clearance, promote the industry profit back to the normal track ‌.
To sum up, the proportion of automobile oil occupies an important position in China's energy consumption, and is affected by multiple factors such as the development of new energy vehicles and the change of economic structure.

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