Abstract: A process for producing gasoline which comprises cracking of a heavy petroleum feedstock in the presence of an alumino-silicate zeolite-containing catalyst maintained in a condition of an ascending flow at a temperature ranging from 480.degree. to 520.degree. C. and a mass velocity of said feedstock of from 6 to 40 hr.sup.-1 in the direction of said ascending flow with the formation of a reaction mixture containing gasoline, a fraction with a specific gravity of from 0.75 to 0.85 and a fraction with a specific gravity of from 0.85 to 0.95; the resulting reaction mixture is isolated from the catalyst and subjected to separation; said separated fractions are employed as recycle. The fraction with a specific gravity of from 0.75 to 0.85 is subjected to cracking in the presence of said catalyst which is in a condition of an ascending flow at a temperature of from 460.degree. to 520.degree. C. and a mass velocity of said fraction of from 6 to 40 hr.sup.-1 in the direction of said ascending flow.