Production of Petroleum Products Increases Significantly In Current Financial Year

Aizbah KhanWeb Editor

13th Jan, 2021. 08:05 pm
Production of Petroleum Products Increases Significantly In Current Financial Year

The production of petroleum products in the country has increased on a monthly and annual basis during the current financial year.

According to the Pakistan Bureau of Statistics, in the period from July to November 2020, the production of petroleum products in the country has increased by 1.50% as compared to the same period of the previous financial year.

In November 2020, the production of petroleum products increased by 1.17% as compared to November 2019.

According to the statistics, the increase in production of petroleum products includes kerosene oil, high-speed diesel, furnace oil, jute batching oil and LPG.

In contrast, production of jet fuel oil, petrol, diesel oil, lubricating oil and Solvent naphtha declined.

Kerosene production increased by 3.76 per cent year-on-year while on a monthly basis it declined by 42.82 per cent. Furnace oil production increased by 7.16 per cent and 3.13 per cent on a monthly basis, 0.97 per cent on an annual basis and 9.23 per cent on a monthly basis.

LPG production increased by 5.98 per cent year-on-year and decreased by 1.26 per cent month-on-month. Petroleum production declined by 16.13 per cent year-on-year and 17.30 per cent month-on-month, diesel oil production declined by 61.77 per cent year-on-year and 58.49 per cent year-on-year.

On an annual basis, the production of solvent naphtha has declined by 28.18 per cent and on a monthly basis by 31.32 per cent.

It may be recalled that in the first five months of the current financial year, the production of major industries in the country has increased by 7.41% while in the month of November, the production of major industries in the country has increased by 14.96% as compared to November 2019.

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