Petroleum products witness overall 3.39 percent increase in 12 months

  • Posted at: 29 Aug, 2017, in Business

ISLAMABAD: The petroleum production grew overall by 3.39 percent during the last fiscal year as compared to corresponding year 2015-16.Production of six POL items including Jet fuel oil, Motor Spirits, High Speed Diesel, Furnace oil, Jute batching oil and LPG witnessed increase, while Kerosene oil, Diesel oil, Lubricating oil and Solvant Naptha showed negative growth, according to official data available with APP.The petroleum products that contributed in the positive growth included, jet fuel, production of which grew by 5.01 percent during.The output of motor spirits grew by 13.64 percent during the period under review while there has been 4.41 percent growth in the output of high speed diesel.The production of jute batching oil surged by 47.65 percent while the production of Liquified Petroleum Gas (LPG) increased by 13.60 percent.Production of furnace oil witnessed 4.41 percent increase.The products that witnessed negative growth in production during the 12-month period included Kerosene oil, output of which declined by 12.35 percent, while the output of diesel oil witnessed negative growth of 17.68 percent.There has been 17.38 percent decrease in production of Solvant Naptha while the lubricating oil produce also witnessed 7.03 percent downfall in production.Similarly, the production of petroleum products, on year-on-year basis witnessed an increase of 3.32 percent in June when compared to the same month of last year.The products that witnessed positive growth in production on year-on-year basis, included Motor spirits, High Speed Diesel, Diesel oil, Furnace oil, Jute batching oil and LPG. – APP


Mari Petroleum Company Limited (MPCL), petrol price,