POL local production up by 10.26pc in eight months

0
133

ISLAMABAD: The production of petroleum products has witnessed a 10.26 per cent increase during the first eight months (July-February) in the current fiscal year, as compared to the corresponding period last year.

According to the latest data from the Pakistan Bureau of Statistics (PBS), the petroleum products that contributed in a positive growth included motor spirits, the output of which grew by 15.60 per cent during the period under review.

The production of high-speed diesel grew by 11.09 per cent, diesel oil by 27.34 per cent while the output of furnace oil witnessed a growth of 5.01 per cent. Similarly, the production of Jute batching oil increased by 17.02 per cent, Solvent Naphtha by 8.48 per cent, and the production of LPG increased by 39.49 per cent.

The petroleum products which witnessed a negative growth in production included jet fuel, the output of which decreased by 1.78 per cent, Kerosene oil by 13.96 per cent, while the production of lubricating oil declined by 16.41 per cent.

Meanwhile, on a year-on-year (YoY) basis, the production of petroleum products increased by 16.28 per cent during the month of February 2018, compared to the corresponding month last year.