ISLAMABAD: Increase in production of petroleum products is observed by 12.98 percent during the first ten months (July-April) of the current fiscal year as compared to the consistent period of the last year.
According to the latest report of Pakistan Bureau of Statistics (PBS), the optimistic development is added by motor spirits, the output of which grew by 18.61 percent during the period under review while the production of jet fuel oil increased by 0.57 percent.
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The production of High-Speed Diesel by 14.06 per cent, Diesel oil by 33.25 percent. Whereas, Furnace oil perceived a growth of 7.76 percent, Jute batching oil increased by 13.16 percent, Solvent Naptha by 6.51 percent while the production of LPG increased by 47.66 percent.
The negative contributors are kerosene oil, the output of which decreased by 13.62 percent, while the production of lubricating oil declined by 12.82 percent.
However, on yearly basis, the production of petroleum products increased by 18.71 percent during the month of April 2018 against the production of the same month of last year.
The Large Scale Manufacturing Industries (LSMI) of the country contributed a growth of 5.76 percent during the first ten months of the current fiscal year compared to the corresponding period of last year.
The country’s LSMI Quantum Index Numbers (QIN) was recorded at 149.39 points during July-April (2017-18) against 141.25 points during July-April (2016-17), showing growth of over 5.76 pe cent, according to the latest data of Pakistan Bureau of Statistics (PBS).
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