Petroleum products production grows 6.5% in 5MFY24

MG News | January 17, 2024 at 03:54 PM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

January 17, 2024 (MLN): The production of petroleum products witnessed an increase of 6.49% YoY during the first five months of FY24, data issued by the Pakistan Bureau of Statistics (PBS) showed.

Petroleum and oil lubricants (POL) products that showed positive growth were Kerosene oil, Motor spirits, High speed diesel, Diesel oil n.o.s., Furnace oil, and LPG.

These products saw a surge in production by 6.4%, 5.18%, 12.52%, 40.08%, 14.73%, and 4.43% YoY, respectively, during the reviewed period.

On the flip side, negative growth was observed in the production of Jet fuel oil, Lubricating oil, Jute batching oil, Solvant Naptha, and Petroleum prods: n.o.s., demonstrating declines of 12.45%, 35.65%, 20.49%, 3.62%, and 11.78% YoY, respectively.

On a monthly basis, the production of petroleum products witnessed an increase of 2.77% MoM in November.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	176,918.29 280.37M	0.04% 71.93
ALLSHR	107,295.64 503.62M	0.02% 22.91
KSE30	52,556.79 49.80M	0.23% 118.56
KMI30	249,738.32 58.26M	0.38% 943.80
KMIALLSHR	68,929.10 364.91M	0.18% 126.67
BKTi	50,378.21 9.84M	0.04% 17.80
OGTi	35,861.04 13.19M	1.04% 370.38

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	71,950.00	72,100.00 69,100.00	3375.00 4.92%
BRENT CRUDE	93.95	93.97 91.47	2.33 2.54%
RICHARDS BAY COAL MONTHLY	110.00	0.00 0.00	1.00 0.92%
ROTTERDAM COAL MONTHLY	123.35	123.35 123.35	0.35 0.28%
USD RBD PALM OLEIN	1,175.00	1,175.00 1,175.00	0.00 0.00%
CRUDE OIL - WTI	86.56	86.56 84.23	2.17 2.57%
SUGAR #11 WORLD	17.86	17.99 17.52	0.31 1.77%