Production of petroleum products increased 11.48 percent during the first eight months of the current fiscal year as compared to the same period of last year. On year-on-year basis, the production witnessed increase of 11.53 percent in February 2013 as compared to February 2012, according to the latest data of Pakistan Bureau of Statistics(PBS). The products that contributed in the positive growth of petroleum production during the eight months included Liquefied Petroleum Gas (LPG), production of which increased by 24.43 percent. The other petroleum products that witnessed increase in production included kerosene oil, output of which increased by 8.8 percent and motor spirits, production of which increased by 19.42 percent. Similarly, the production of high speed diesel increased by 12.91 percent and furnace oil by 19 percent. The petroleum products that witnessed negative growth in production included jet fuel oil and diesel oil, production of which decreased by 2.67 percent and 6.81 percent, respectively. Meanwhile, on year-on-year basis, the production of overall petroleum products increased by 11.53 percent in February 2013 as compared to the corresponding month of 2012. The products that witnessed increase in production during the month under review included jet fuel oil, output of which increased by 6.15 percent and kerosene oil, production of which grew by 18.88 percent. Production of motor spirit increased by 23.49 percent, high speed diesel 14.89 percent, diesel oil 3.91 percent and furnace oil by 19.01 percent. The products that witnessed negative growth in production included lubricating oil, output of which decreased by 10.91 percent and jute batching oil which witnessed 10.49 percent decrease in production while the output of solvant Naptha decreased by 13.43 percent and LPG by 2.67 percent.
Petroleum production increases 11.48% in 8 months
