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Country witnesses 3.39% increase in petroleum production

Country witnesses 3.39% increase in petroleum production

ISLAMABAD: The petroleum production grew by 3.39 percent during 11 months of last fiscal year from July to May as compared to the corresponding period of year 2015-16.  The petroleum products that contributed in the positive growth included, jet fuel, production of which grew by 5.79 percent during July-May (2016-17), officials sources said.

The output of motor spirits grew by 13.52 percent during the period under review while there has been 4.72 percent growth in the output of high speed diesel.

The production of jute batching oil surged by 36 percent while the production of Liquified Petroleum Gas (LPG) increased by 12.77. While, production of furnace oil witnessed 3.36 percent increase. The products that witnessed negative growth in production during the 11-month period included kerosene oil, output of which declined by 11.78 percent, while the output of diesel oil witnessed negative growth of 21.81 percent. There has been 16.29 percent decrease in production of Solvant Naptha while the lubricating oil produce also witnessed 4.60 percent downfall in production.

Similarly, the production of petroleum products, on year-on-year basis witnessed an increase of 22.58 percent in May 2017 when compared to the same month of last year.

The products that witnessed positive growth in production on year-on-year basis, included Jet fuel oil, Kerosene oil, motor spirits, high speed diesel, diesel oil, diesel oil, furnace oil, jute batching oil, LPG and Solvant Naptha.