Production of petroleum products rises 8.35%
Diesel output up 11% while petrol production increases 5.6%.
ISLAMABAD:
The production of petroleum products rose 8.35% during fiscal year 2013-14 compared to the output achieved a year earlier.
On a year-on-year basis, oil production increased 1.31% in June, according to data compiled by the Pakistan Bureau of Statistics (PBS).
The products that contributed to the positive production growth included jet fuel oil, up 6.36% compared to its output in 2012-13. Similarly, the output of motor spirit (petrol) increased 5.58% while production of high-speed diesel rose 11%.
Diesel oil and furnace oil also recorded a rise of 52.08% and 9.48% respectively in their production whereas solvent naphtha registered output growth of 12.19%. The products that recorded a negative growth in production included kerosene oil, down 2.32% while output of jute batching oil, liquefied petroleum gas (LPG) and lubricating oil decreased 20.08%, 9.48% and 0.10% respectively.
Meanwhile, on a year-on-year basis, the production of kerosene oil was higher by 19.5% in June, the data revealed. Similarly, diesel oil output surged 44.83% and solvent naphtha rose 24.10%.
The products that registered a fall in June included jet fuel, output of which edged down 1.18%. Similarly, the production of motor spirit fell 3.3%, high-speed diesel 1.33%, lubricating oil 13.86%, jute batching oil 41.67% and LPG 7.84%.
The country’s large-scale manufacturing (LSM) output grew 3.95% compared to the previous year. The Quantum Index Numbers of LSM stood at 121.66 points at the end of 2013-14 against 117.04 points in 2012-13.
Published in The Express Tribune, August 30th, 2014.
The production of petroleum products rose 8.35% during fiscal year 2013-14 compared to the output achieved a year earlier.
On a year-on-year basis, oil production increased 1.31% in June, according to data compiled by the Pakistan Bureau of Statistics (PBS).
The products that contributed to the positive production growth included jet fuel oil, up 6.36% compared to its output in 2012-13. Similarly, the output of motor spirit (petrol) increased 5.58% while production of high-speed diesel rose 11%.
Diesel oil and furnace oil also recorded a rise of 52.08% and 9.48% respectively in their production whereas solvent naphtha registered output growth of 12.19%. The products that recorded a negative growth in production included kerosene oil, down 2.32% while output of jute batching oil, liquefied petroleum gas (LPG) and lubricating oil decreased 20.08%, 9.48% and 0.10% respectively.
Meanwhile, on a year-on-year basis, the production of kerosene oil was higher by 19.5% in June, the data revealed. Similarly, diesel oil output surged 44.83% and solvent naphtha rose 24.10%.
The products that registered a fall in June included jet fuel, output of which edged down 1.18%. Similarly, the production of motor spirit fell 3.3%, high-speed diesel 1.33%, lubricating oil 13.86%, jute batching oil 41.67% and LPG 7.84%.
The country’s large-scale manufacturing (LSM) output grew 3.95% compared to the previous year. The Quantum Index Numbers of LSM stood at 121.66 points at the end of 2013-14 against 117.04 points in 2012-13.
Published in The Express Tribune, August 30th, 2014.