China To Ban Petrol, Diesel Vehicles

As the world brace up for life with less attention to oil, China is concluding plans to ban the production and sale of diesel and petrol vehicles.

Since oil is Nigeria’s major revenue source, this move has further threatened her future profitability, hence the need for immediate diversification.

This latest development is coming two months after the UK, Germany, France, India, Norway and Netherlands, announced plans to take out cars that run with petroleum products, as part of efforts to reduce air pollution.


The ban will lead to a reduction of oil demand in China, as the country is currently the world’s second-largest oil consumer after the US.

China’s vice industry minister, Xin Guobin told BBC that his country had started “relevant research” but had not yet decided when the ban would come into force.

Guobin further stated that "those measures will certainly bring profound changes for car industry’s development.”