ISLAMABAD: The petroleum production grew by 0.45 percent during the first three quarters of the current fiscal year (2017-18) as compared to the corresponding period of last year.
The petroleum products that contributed in the positive growth include, jet fuel, production of which grew by 3.87 percent during July-March (2016-17), officials sources said. The output of motor spirits grew by 9.89 percent during the period under review while there has been 1.67 percent growth in the output of high speed diesel.
The production of jute batching oil surged by 35.65 percent while the production of Liquified Petroleum Gas (LPG) increased by 8.26 percent.
Meanwhile, the products that witnessed negative growth in production during the first three quarters of the current fiscal year include kerosene oil, output of which declined by 13.89 percent, while the output of diesel oil witnessed negative growth of 35.09 percent.
There has been 0.09 percent decrease in the production of furnace oil and 17.43 decrease in production of solvent naptha while the lubricating oil produce also witnessed 2.19 down fall in production.
On the other hand, the production of petroleum products, on year-on-year basis witnessed decrease of 2.36 percent in March 2017 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 and furnace oil, output of which increased by 9.66 percent and 7.08 percent respectively. The production of jet fuel oil during the month under review decreased by 4.25 percent, kerosene oil by 3.63 percent and high speed diesel by 2.53 percent.
Similarly, the production of furnace oil declined by 6.29 percent, solvent naptha by 12.14 percent and LPG 3.41.
