Country witnesses 1.67pc increase in petroleum production

ISLAMABAD: The petroleum production grew by 1.67 percent during 10 months of last fiscal year from July to April as compared to the corresponding period of year 2015-16.

The petroleum products that contributed in the positive growth included, jet fuel, production of which grew by 3.08 percent during July-April (2016-17), officials sources said.

The output of motor spirits grew by 11.61 percent during the period under review while there has been 3.06 percent growth in the output of high speed diesel.

The production of jute batching oil surged by 37.71 percent while the production of Liquified Petroleum Gas (LPG) increased by 9.59 percent.

While, production of furnace oil witnessed 1.76 percent increase.

Meanwhile, the products that witnessed negative growth in production during the 10-month period of current fiscal year included kerosene oil, output of which declined by 13.19 percent, while the output of diesel oil witnessed negative growth of 28.90 percent.

There has been 17.68 percent decrease in production of Solvant Naptha while the lubricating oil produce also witnessed 1.60 percent downfall in production.

Similarly, the production of petroleum products, on year-on- year basis witnessed an increase of 13.48 percent in April 2017 when compared to the same month of last year.

The products that witnessed positive growth in production on year-on-year basis, included motor spirits, high speed diesel, diesel oil, furnace oil, lubricating oil, jute batching oil LPG, output of which increased by 27.73 percent, 16.34 percent, 161.63 percent, 22.48 percent, 4.27 percent, 52.05 percent and 20.98 percent respectively.

The production of jet fuel oil during the month under review decreased by 3.59 percent, kerosene oil 6.48 percent and Solvant Naptha 19.96.