ISLAMABAD: Overall production of petroleum commodities has witnessed a 6.49 percent increase during the first five months of the current financial year 2023-24 as compared to the corresponding period of the fiscal year 2022-23, Pakistan Bureau of Statistics (PBS) said.
Noteworthy, positive growth was observed in the production of Kerosene Oil, marking a 6.40 percent increase during the reviewed months. Additionally, Motor Spirits, High-Speed Diesel, Diesel Oil NOS, Furnace Oil, and Liquefied Petroleum Gas (LPG) experienced growth percentages of 5.18, 12.52, 40.08, 14.73, and 4.43, respectively.
However, Jet Fuel Oil production declined by 12.45 percent, Lubricating Oil by 35.65 percent, Jute Batching Oil by 20.49 percent, Solvant Naptha by 3.62 percent, and petroleum product NOS by 11.78 percent during the same period.
On a year-on-year basis, petroleum production in November 2023 increased by 2.77 percent compared to November 2022.
In the same month, Kerosene Oil production surged by 44 percent, Motor Spirits by 7.63 percent, High-Speed Diesel by 5.19 percent, Diesel Oil NOS by 98.55 percent, Furnace Oil by 8.77 percent, Jute Batching Oil by an astounding 1121.43 percent, and LPG by 4.35 percent. Conversely, Jet Fuel Oil production decreased by 10.21 percent, Lubricating Oil by 37.17 percent, Solvent Naptha by 28.72 percent, and petroleum products NOS by 1.55 percent. —APP
