Production of POL products up by 15.67pc in four months

ISLAMABAD: The production of petroleum products witnessed 15.67 percent increase during the first four months (July-October) of the current fiscal year as compared to the corresponding period of the last fiscal year.

According to latest data of Pakistan Bureau of Statistics (PBS) on Wednesday, the petroleum products that contributed in positive growth included motor spirits, output of which grew by15.06 percent during the period under review.

The production of High Speed Diesel grew by 16.23 percent, Diesel oil by 47.08 percent while the output of Furnace oil witnessed growth 18.9 percent.

Similarly, the production of Jute batching oil increased by 34.41 percent, Solvent Naptha by 24.18 percent while the production of LPG increased by 38.93 percent.

The petroleum products that witnessed negative growth in production included jet fuel, output of which decreased by4.05 percent while the production of lubricating oil declined by 10.45 percent.

Meanwhile, on year-on-year basis, the production of petroleum products increased by21.64 percent during the month of October 2017 against the production of same month of last year.

The products that witnessed positive growth included motor spirits (11.61 percent), High Speed Diesel (28.03 percent), furnace oil (25.25 percent), Jute batching oil (1.54 percent), Solvant Naptha (47.25 percent), while the production of LPG increased by 47.53 percent.

On the other hand, the production of Jet fuel oil during the month decreased by7.60 percent, Kerosene oil by 15.12 percent while the production of lubricating oil decreased by 2.14 percent.