POL local production up by 12.31 Percent in nine months

The production of petroleum products witnessed 12.31 percent increase during nine months

(July-March) of the current fiscal year as compared to the corresponding period of the last fiscal year.

According to latest data of the Pakistan Bureau of Statistics, the petroleum products that contributed in positive growth included motor spirits, output of which grew by 18.65 percent during the period under review.

The production of High Speed Diesel grew by 13.56 percent, Diesel oil by 28.10 percent while the output of Furnace oil witnessed growth of 6.55 percent.

Similarly, the production of Jute batching oil increased by 11.26 percent, Solvent Naphtha by 6.00 percent, while the production of LPG increased by 44.93 percent.

The petroleum products that witnessed negative growth in production included jet fuel, output of which decreased by 0.31 percent, Kerosene oil 12.26 percent, while the production of lubricating oil declined by 14.91 percent.

Meanwhile, on year-on-year basis, the production of petroleum products increased by 30.11 percent during the month of March 2018 against the production of same month of last year.

APP