Petroleum products production grows 8.4% in 1HFY24

MG News | February 16, 2024 at 10:09 AM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

February 16, 2024 (MLN): The production of petroleum products witnessed an increase of 8.4% YoY during the first six months of the fiscal year 2024, 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, Solvant Naptha, and LPG.

These products saw a surge in production by 5.63%, 7.17%, 12.83%, 33.94%, 18.92%, 17.97%, and 5.23% 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, and Petroleum prods: n.o.s., demonstrating declines of 11.58%, 36.34%, 41.74%, 13.68% YoY, respectively.

On a monthly basis, the production of petroleum products witnessed an increase of 4.12% MoM in December.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	177,039.83 457.43M	2.69% 4639.92
ALLSHR	106,439.15 980.52M	2.42% 2511.25
KSE30	52,890.43 243.06M	2.84% 1462.27
KMI30	253,474.66 222.84M	2.73% 6731.57
KMIALLSHR	69,154.67 541.49M	2.45% 1654.73
BKTi	48,191.73 63.48M	2.59% 1217.44
OGTi	35,876.09 14.73M	1.97% 692.56

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	66,475.00	67,020.00 63,430.00	2815.00 4.42%
BRENT CRUDE	82.85	85.93 82.52	-4.48 -5.13%
RICHARDS BAY COAL MONTHLY	123.00	0.00 0.00	3.75 3.14%
ROTTERDAM COAL MONTHLY	131.00	0.00 0.00	0.00 0.00%
USD RBD PALM OLEIN	1,157.50	1,157.50 1,157.50	0.00 0.00%
CRUDE OIL - WTI	80.19	82.42 79.70	-4.69 -5.53%
SUGAR #11 WORLD	13.65	13.90 13.61	-0.05 -0.37%