ISLAMABAD – The overall production of petroleum commodities has witnessedan increase of 5.01 percent during the first half of financial year 2020-21as compared to corresponding period of last year.
The Petroleum, Oil and Lubricants (POL) products that showed growthincluding kerosene oil production, which increased by 3.83 percent duringthe period under review, Pakistan Bureau of Statistics (PBS) reported.
Similarly, the production of Motor Spirits, High Speed Diesel, Furnace Oil,Jute Batching Oil and Liquefied Petroleum Gas (LPG) witnessing increase of18.54 percent, 9.74 percent, 6.52 percent, 4.17 percent and 6.39 percentrespectively.
However, the production of Jet Fuel Oil has decreased by 37.69 percent,Diesel oil 57.21 percent, Lubricating oil 5.05, Solvent Naptha 21.15percent and petroleum product NOS 14.18 during the period under review.
On year-on-year basis, the production of POL commodities has witnessed anincrease of 23.91 percent during December 2020 as compared to the output ofDecember 2019.During the month under review, the production of kerosene oil increased by4.46 percent, motor spirits by 30.17 percent, high speed diesel by 23.56percent, furnace oil by 40.09 percent, jute batching oil by 62.76, solventnaptha by 39.28 percent and LPG by 8.17 percent.
On the other hand, the production of jet fuel oil dipped by 17.92 percent,diesel oil by 11.99 percent, jute batching oil by 5.15 percent andpetroleum products NOS by 11.63 percent.
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It is pertinent to mention here that the overall output of Large ScaleManufacturing Industries (LSMI) in the country during the first half offinancial year 2020-21 witnessed growth of 8.16 percent as compared to theoutput of the corresponding period of last year.
LSMI Quantum Index Number (QIM) was recorded at 143.30 points duringJuly-December (2020-21) against 132.49 points during July-December(2019-20), showing growth of 8.16 percent, according to the data releasedby the Pakistan Bureau of Statistics (PBS).
The highest increase of 6.23 percent was witnessed in the indices monitoredby the Ministry of Industries, followed by 1.63 percent decline in theproducts monitored by the Provincial Board of Statistics (BOS) and anincrease of 0.29 percent was witnessed in the indices monitored by the OilCompanies Advisory Committee (OCAC).
