ISLAMABAD: Overall production of petroleum commodities has witnessed an increase of 1.57 percent during the first four months of the current financial year 2020-21 as compared to the corresponding period last year.
POL products that showed positive growth include Kerosene Oil the production of which increased by 21.38 percent during the period under review, Pakistan Bureau of Statistics (PBS) reported.
Similarly, the production of motor spirits, High-Speed Diesel (HSD), Jute Batching Oil and Liquefied Petroleum Gas (LNG) witnessing increase of 15.81 percent, 8.15 percent, 11.11 percent and 8.19 percent respectively.
The production of jet fuel oil has decreased by 41.69 percent, Diesel oil 62.17 percent, furnace oil 1.04 percent, Lubricating oil 27.20, Solvent Naptha 27.46 percent and petroleum product NOS 14.87 during the period under review.
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On year-on-year basis, petroleum production has witnessed a decrease of 1.67 percent during October 2020 as compared to the output of October 2019. During the month under review, the production of motor spirits increased by 9.41 percent, high-speed diesel by 2.47 percent and LPG by 8.88 percent.
On the other hand, the production of jute fuel oil dipped by 38.83 percent, kerosene oil by 10.37 percent, diesel oil by 61.36 percent, furnace oil by 1.87 percent, lubricating oil by 2.38 percent, jute batching oil 34.62 percent and Solvent Naptha 26.15 percent.
It is pertinent to mention here that the overall output of Large Scale Manufacturing Industries (LSMI) in the country witnessed positive growth of 5.46 during the first four months of financial year 2020-21 as compared to the output of the corresponding period of last year.
LSMI Quantum Index Number (QIM) was recorded at 136.08 points during July-October (2020-21) against 129.04 points during July-October (2019-20), showing a growth of 5.46 percent.
The highest increase of 3.74 percent was witnessed in the indices monitored by the Ministry of Industries, followed by 1.63 percent in the products monitored by the Provincial Board of Statistics (BOS) and an increase of 0.10 percent was witnessed in the indices monitored by the Oil Companies Advisory Committee (OCAC).
