ISLAMABAD, Aug 26 (APP): The production of petroleum products increased by 16.45 percent during the fiscal year 2012-13 against the production of corresponding period of last year. On year-on-year basis, the production of petroleum products in June 2013 increased by 30.30 percent as against the production of June 2012, according to the data of Pakistan Bureau of Statistics (PBS). The petroleum products that witnessed increase in production in 2012-13 included jet fuel oil, production of which increased by 5.13 percent. Similarly, the production of kerosene oil increased by 14.66 percent, motor spirits by 21.91 percent, high speed diesel by 19.73 percent and diesel oil by 32.45 percent.
Production of furnace oil during the period under review increased by 21.67 percent while that of Liquefied Petroleum Gas increased by 23.08 percent.
The petroleum products that witnessed negative growth in production during the period under review included lubricating oil, jute batching oil and solvent naphtha, production of which decreased by 3.99 percent, 1.05 percent and 2.70 percent respectively.
Meanwhile, on year-on-year basis, the production of Jet fuel in June 2013 increased by 34.35 percent, motor spirits by 14.35 percent, high speed diesel by 35.71 percent, diesel oil by 1,226 percent, furnace oil by 34.29 percent, lubricating oil by 17.14 percent, jute batching oil by 5.33 percent, solvent naptha by 39.80 percent and LPG by 10.36 percent.
The only petroleum product that witnessed negative growth in June 2013 was Kerosene oil, production of which decreased by 4.12 percent when compared to the same month of last year, according to PBS data.
It is pertinent to mention here that the country’s Large Scale Manufacturing (LSM) registered positive growth of 4.30 percent during the fiscal year 2012-13 over the corresponding period of the last year.
On year-on-year basis, the LSM grew by 4.82 percent during the month of June 2013 when compared to the same month of last year, according to the latest data of Pakistan Bureau of Statistics (PBS).
The Quantum Index Numbers (QIN) of LSM stood at 117.25 points during July-June (2012-13) against 112.41 points during July-June (2011-12).
During the period under review, industries monitored by Oil Companies Advisor Committee (OCAS) registered increase of 0.89 percent growth while the indices of Ministry of Industries grew by 1.77 percent and that of Provincial Bureaus of Statistics by 1.65 percent.