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Local Petroleum Production Drops by 8.35% in FY2018-19

The production of petroleum commodities (POL) in Pakistan has witnessed a decrease of 8.35 percent during the fiscal year 2018-19, as compared to FY2017-18.

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According to Pakistan Bureau of Statistics, one of the products that showed negative growth included Jet Fuel Oil, which decreased by 9.54 percent during the period under review.

Similarly, the production of Kerosene Oil, High-Speed Diesel, Furnace Oil, Jute Batching Oil, and Solvent Naptha, witnessed declines of 1.14 percent, 9.84 percent, 11.92 percent, 14.48 percent, and 26.9 percent respectively,

However, the production of Motor Spirit Oil increased by 3.22 percent, Diesel oil by 16.65 percent, Lubricating Oil by 9.78 percent and Liquefied Petroleum Gas by 17.23 percent during the period under review.

Yearly Comparison

On a year-on-year basis, petroleum production decreased by 21.74 percent during June 2019 compared to June 2018.

During the month under review, the production of jet fuel oil decreased by 5.4 percent, kerosene oil by 2.93 percent, motor spirits by 23.30 percent, high-speed diesel by 29.12 percent and diesel oil by 33.28 percent.

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Similarly, the production of furnace oil dipped by 10.96 percent, lubricating oil by 15.24 percent, jute batching oil by 74.19 percent, solvent naphtha by 11.31 percent and LPG by 6.21 percent.

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