ISLAMABAD: Production of petroleum products witnessed negative growth of 10.62 percent during the first five months of the current fiscal year, however, increased by 3.15 percent in November 2010 over the same month of last year.
Most of the products witnessed fall in production excluding lubricating oil and solvent naptha, production of which increased by 2.42 percent and 23.68 percent respectively in July-November (2009-10) against the corresponding period of last year, according to figures provided by the Federal Bureau of Statistics (FBS).
The production of lubricating oil increased by 12.56 percent in November 2010 as compared to last November, the figures revealed.
The other products that witnessed positive growth in production during November 2010 over November 2009, included high speed diesel and jute batching oil, the production of which increased by 14.98 percent and 38.94 percent respectively.
Kerosene oil contributed a major share in the down fall of petroleum products' produce as it witnessed about 28.97 percent decline in production during first five months of current year and about 43.70 percent negative growth in November 2009.
Production of jet fuel decreased by 16.15 percent and 4.30 percent during July-November (2010-11) and November 2010 respectively, the FBS figures revealed.
Similarly, industrial production of motor spirits decreased by 13.77 percent,high speed diesel by 9.72 percent, diesel oil (nos) by 31.05 percent, furnace oil 13.77 percent, jute batching oil by 23.12 percent, Liquefied Petroleum Gas (LPG) by 25.59 percent and petroleum products (nos) by 17.23 percent during July-November (2010-11).
As compared to November 2009, the production of jet fuel oil decreased by 4.30 percent in November 2010. Similarly production of motor spirits declined by 8.83 percent, diesel oil (nos) by 27.37 percent, furnace oil by 2.99 percent, LPG by 8.61 percent and petroleum products by 8.77 percent.
There has been decline of 2.3 percent in over all Large Scale Manufacturing (LSM) production during the firs five months of the current fiscal year against the production of same period of last year.
However, LSM production in November 2010 decreased by 4.69 percent in November 2010 over November 2009, according to the figures.
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