* Refined fuel stocks down 5.48 pct at end-May from month
* Diesel stocks slide 11.4 pct
BEIJING, June 24 China's commercial crude oil
inventories at the end of May rose 4 percent from a month
earlier as crude imports remained high, the official Xinhua news
agency said on Tuesday.
But refined fuel stocks fell 5.48 percent from end-April,
Xinhua reported in its oil and gas newsletter China OGP.
Of the total, diesel stocks slumped 11.4 percent, gasoline
stocks rose 0.93 percent and kerosene stocks increased 0.16
percent, it said.
The fall in diesel stocks came as industrial activity
accelerated and the summer harvest started in May. Factory
output rose 8.8 percent in May from a year earlier, in line with
market expectations and quickening slightly from April's 8.7
percent pace, official data has shown.
The OGP newsletter does not provide outright inventory
volumes, and the government rarely discloses levels of either
commercial or strategic oil stocks, making it difficult to gauge
real demand in the world's second-largest oil consumer.
China imported 6.14 million barrels per day (bpd) of crude
oil in May, up 8.9 percent from a year earlier, although it was
down 9.4 percent from a record high of 6.78 million bpd in
China's refinery crude throughput in May rose 3.5 percent
from a year earlier to 9.5 million bpd, official data has shown.
But daily crude runs were down from 9.63 million bpd in April,
as refineries scaled back output amid peak maintenance period.
(Reporting by Judy Hua and Fayen Wong; Editing by Muralikumar